Nifty after reaching the levels of 11800, has since been in correction mode .. as per the patterns, it appears that wave a has been completed n wave b is in progress with its last leg presently unfolding .. hence expecting Nifty to open gap up .. wave b should near completion at levels of 11580 (+/-20) .. post which expecting Wave c to unfold downwards as an impulse .. be cautious taking long positions at levels of 11580
Note - Views are personal and meant for educational purpose only, not for trading any instrument
Note - Views are personal and meant for educational purpose only, not for trading any instrument