Last leg of correction
Nifty CMP 23965
Elliott- wave A and wave C have a equality relationship. Hence the C leg should complete around the 23600 zone.
Fibs - The current zone at 24K is a good support and then 23400.
Channel - support is also at the 23400 zone.
Conclusion - to me the Index is at its last leg of correction. Hence to me the Index should not go below 23400.
Elliott- wave A and wave C have a equality relationship. Hence the C leg should complete around the 23600 zone.
Fibs - The current zone at 24K is a good support and then 23400.
Channel - support is also at the 23400 zone.
Conclusion - to me the Index is at its last leg of correction. Hence to me the Index should not go below 23400.
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