It does seeem that at todays high of 5413... Nifty possibly completed a set of 5 waves...so we can call that as wave 1 or a....If I am rite(n there are no further extensions) we shud now consolidate in wave 2 or b...which means we shud go somewhat lower.
If the correction is shallow n limited to 23.6% or 38.2% of the rise we shud go to 5220/5099 ...over the next few days... it wont be a one way downside... it will be a minimum of 3 waves a-b-c.
If it goes to 61.8% of the rise we can go to 4900.
Lets see.
