Todays closing was somewhat off from what I expected in Scenario 1 given on Nov17 update.
It looks to me C-wave of the correction is unfolding as 5 wave impulse.
With todays closing , we may have ended or close to end of wave2.
So I expect Wave 3 to begin by monday, that should be swift and sharp with possible targets around 4600-4700. Wave 4 should be a shallow bounce to be followed by Wave 5 for a target of
around 4500. I anticipate C-wave too should end in about 10 days.
So if I take Nov18 as first day , then 10th day comes out to Dec1.
This is broadly the pattern I anticipate!.
let's see How Nifty behaves.
Kaps
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