Nifty May have bottomed on News

183
As per Elliott wave sequence it is coming to mind that it has completed a complex correction in the form of WXYZ. Todays bottom is very important and it also related to by the fibs 61.8 level.
For further rally it should cross the 23300 mark in less time then the c leg of z has completed its move downwards...the c leg has completed the move in 24 bars of 15 minutes and it will have cross it before 24bars....! finger crossed...!

No buy sell recommendation. Just a view.

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