NIFTY – In the second chart, I have shown the blowup of very recent price action. The gap downfall was followed by a falling triangle which is mostly expected. The upmove which I have marked in blue as “x”. Expect the markets to continue to fall but it may be a racheted move downwards.
Incidentally in both charts, I have shown two different counts with the same result.
WHERE ARE WE IN THE WHOLE DESIGN
Within the 5th wave cycle bullish move upwards we are now in correction. This correction should not be large and once finished resumption of the bull market will happen.