Nifty has either completed Wave Y or wave 3 of Y both the counts have implication for a down move now if we decline in 5 waves or 3 waves next towards 17600-17430 area will decide how should we mark this decline.
Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this holiday week before starting next leg down.
Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this holiday week before starting next leg down.