Nifty what it is doing
Are we have done short term bottom???
My view says No
Are we have started a new rally???
My readings says NO
Is this time to Bearish or Bullish
My answer is can go both ways but with small Sl..
The chart patterns shows we are in wave C from 7894 lows & its wave-v running currently..
Its my counts & may be wrong too
The
last pattern bearish ABCD at 8280 is the top of wave-iii which gave a
small down move & after that wave-v brings today level.
I may be wrong in whole setup & counts too but it is what chart shows me & I believe on them.
There is a very small SL of 8415 above which this C wave can attempt towards 8473
Here I am considering 7916 is the bottom of wave-3 & the whole ABC is the part formation of Wave-4
