Nifty – In order to have a perspective, have given above the long-term view again.
Below is the normal short-term view
Important points for short-term view
1. Currently we are in the 4th wave down which should resolve itself most probably WITHIN the orange rectangle drawn above
2 Once this ONGOING impulse wave upward is finally completed at the orange rectangle drawn above in the range of 20240 and 20400, we should have a good correction.