NIFTY Opening On 21st Dec 2023
Nifty – Markets did go up as predicted but completed the last 5th wave in a hurry as shown in the 1st chart. In the 2nd chart i have shown the PROBABLE unsustainable upside soon EITHER today itself or within next 1-2 days. (in black and blue lines)
In the 1st chart , I have numbered the upsides as 1-2, 1-2 , 1-2 formation which is on assumption that the rise has been in the form of ensuing bull run. I have also shown in the 1st chart a rise of about 2700 points within the 3rd 1-2 formation.
This rise now correcting and should correct around 25 to 50 percent. (This can be exactly determined only after more corrective counts are in place.
TO SUM IT UP
Markets in correction mode.
To correct within the 25-50 percent of the rise from 18845