Nifty 50 analysis for 24 Aug

As drawn on the chart, Nifty appears to be in a corrective mode and has remained range bound after opening gap up/down since last three trading days. It appears that wave c of correction is unfolding. Hence expecting Nifty to take resistance from 11400 levels and correct till support marked on the chart before resuming with its bull run. However, overall proposition for Nifty still looks bullish.