Nifty may have completed first cycle of wave V @ 15431 which was 1.618 Fib Retracement of the whole Down Move in Feb-Mar 2020.Generally Corrective waves retraces around 38.2-50% of the move.So I am expecting to retest 12400 which was earlier Nifty high.
This holds true till 15430 is not taken out otherwise it will be fifth wave extension and can go to 16400.
This holds true till 15430 is not taken out otherwise it will be fifth wave extension and can go to 16400.
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