Nifty appears to be completing Wave B in an a-b-c fashion.
The upward move from 4538 -5138 => a of WaveB = 600(16 days)
downswing from 5138 -4806 => b of WaveB = 332(2 days)
Upswing from 4806 - ? => c of Wave B = ?
Wave A = 5181 -4538 = 643 points(10 days)
Wave C to begin
Wave C should be swift and sharp of about 6 days or less .
