Nifty seems to have completed wave 3 of the move that started from 9687. Assuming wave 4 low was made yesterday at 10,123 the minimum projected target is 10,339.
There are two possibilities
Possibility 1: The move ends below 10,557 and we get a correction amounting to 50%-61.8% then the move from 9687 could be wave 1
Possibility 2: The current impulse continues above 10,557 without any major pullback then the possibility of wave 3(3) which started from 7894 coming to an end above 10,557 is a possibility.The only way to confirm this is after we get an impulsive 5 wave fall. So just be a bit cautious above 10,557 in case of possibility 2.
Good Luck
There are two possibilities
Possibility 1: The move ends below 10,557 and we get a correction amounting to 50%-61.8% then the move from 9687 could be wave 1
Possibility 2: The current impulse continues above 10,557 without any major pullback then the possibility of wave 3(3) which started from 7894 coming to an end above 10,557 is a possibility.The only way to confirm this is after we get an impulsive 5 wave fall. So just be a bit cautious above 10,557 in case of possibility 2.
Good Luck
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