Still maintain the bearish perspective on Nifty. Nifty has made a high of 5339.50. Seems nifty may now have completed wavce 2 high. I donot wish to move to alternate scenario.
Possible Wolfe wave in structure in wave c of wav 2. The wave 2 has retraced near 80%. I am now tired of such deep retracements. If this break down, lets see future. For a wolfe wave based target, nifty has 5200 on cards SL 5355.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students
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