Nifty is now near completion of the impulse wave which commenced around the 20th of March. Presently it needs to complete the ongoing triangle which it should do by FIRST coming down 150-200 points and then taking a jump up to not only meet the triangle mentioned above but also in all probability to breach the previous high. However, from there we should see a correction of the impulse wave that commenced on the 20th of March.(nearly 2.5 months)
The expected correction AFTER the previous high is breached OR nearly breached should take us down to 18000 levels and can take a month to complete, before resuming the bull run.