Nifty -
I. 10558-10736=178
II. 10736-10605=131
III. 10605-11078=
IV. 11078-->10966(23.6%)/10897(38.2%)/10786(61.8%)
2. 26344-26121=223
3. 26121-27151=1030(~400%)
4. 27150-->26907(23.6%)/26757(38.2%)
Probable counts of irregular corrective
A.10930 to 10417
B.10417 -10893-10557-11033(if C equal A)
But today nifty broke abv 11033
So probably can move up towards 11130 to 11150
Then C can see fast downmove of 500 to 550 pts
From there another upmove shall start for 11550 to 11600 range
B can do near 1.4xA
I. 10558-10736=178
II. 10736-10605=131
III. 10605-11078=
IV. 11078-->10966(23.6%)/10897(38.2%)/10786(61.8%)
BankNifty -
1. 26070-26344=2742. 26344-26121=223
3. 26121-27151=1030(~400%)
4. 27150-->26907(23.6%)/26757(38.2%)
Probable counts of irregular corrective
A.10930 to 10417
B.10417 -10893-10557-11033(if C equal A)
But today nifty broke abv 11033
So probably can move up towards 11130 to 11150
Then C can see fast downmove of 500 to 550 pts
From there another upmove shall start for 11550 to 11600 range
B can do near 1.4xA
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