Nifty has followed an ABC pattern from its low of 10000 to current value. These ABC waves have remarkable tenacity at times with c wave sometimes going almost equal in length to the length of A and at times even 1.618 times.
In case of Dowjones , the wave C went up to exactly the same height as wave A before having a massive fall. In case of Nifty C i at is at 1.618 times of A currently.
The patterns of nifty and Dowjones are almost similar . please see the image below