NIFTY – I have given two charts above for NIFTY. The second one is the zoomed-in of the latest price action
The correction which started on Friday in all probability is still going on ALTHOUGH, it is very near the CALCULATED fibbonacci level of 19680.
In all likelihood, we should correct more. However, there can be a pullback on Monday which may come early in the day or in 2nd half.
The MAIN THRUST IS upwards although correction into wave 4(shown in red) is still pending
Once this correction is complete FINALLY at 19500 we should in all probability resume our cycle wave 5 bull run.
WHAT IT MEANS
Markets are correcting now. In this correction, pullbacks will happen. Markets to correct more even upto 19500 and THEN resume the cycle wave 5 bull run