Nifty – Expecting EITHER a 5 wave move down (wave 3 is completed ) OR a triple zigzag (where the 1st ABC is completed(have not marked on chart)
Either way, expect a PULLBACK TODAY. In case of a 5-wave move down, markets shud not rise above 18724 (marked in red).
Bunching together of wave 3, indicating a solid pullback and then an equally strong fall into final wave 5.
This whole process can take 2 days.