NIFTY-Above I have taken the full correction as a triple zigzag and the present upswing as wave 1 of the bull market.
This whole wave count automatically gets cancelled in case the markets fall below the START of this bullish wave.
The ensuing correction expected, but PROBABLY will happen AFTER the upswing today.
WHAT ABOVE MEANS
The markets may open positive and may or may not stay up till mid-day but then expect a correction as shown above.
However, the bull run is intact as long as markets stay above the level shown above in the chart.
NIFTY Opening On 8th August 2023