Nifty seems to have completed a correction in the form of a-b-c for the rise from 8580.95 to 8661.05. This 'c' wave may complete near 8616 (or is already completed?). This may also go up to 8610.9 which is 61.8% fibonacci retracement level for the rise. At the completion this also looks like a pole and flag formation.
Nifty 1 min chart:
Nifty 1 min chart:
Nifty zooming after completing the a-b-c correction!
ReplyDelete