Nifty – For continuance, please refer to the previous post as well on NIFTY
As explained earlier, markets are on a clear impulse wave, which in all probability signifies a very strong ongoing bull run. However, right now expecting the correction to continue as shown above. I have given two corrective rectangles in orange and purple. Both are important to consider at the moment. For now, we consider the zoomed-down chart below.
Foresee further continuance of correction till at least 18700 from where a pullback is expected. As explained earlier, the depth of the final correction will determine which of the two bullish counts will take priority.
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