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NIFTY Opening On 3rd Nov 2023 More upside on the cards to complete wave X (and also the ivth leg of the developing triangle.) Normally , the upward move under such circumstances is that of short covering and is always a fast one. I have drawn two levels for “x” , orange and magenta. Higher the “x ” wave , faster will be the subsequent collapse. Liken this to a spring being winded.