Conclusions:
1. From the end of wave (B), a “Double Extension Impulse” pattern seems to be unfolding as wave (C) which is a part of larger Zigzag pattern.
2. Currently, the Nifty cash may be in wave (v) which seems to be Terminal Impulse due to overlapping between waves 2 and 4.
3. It seems that wave 4 got completed at 7531.60 and wave 5 may have started from the same.
4. The Nifty cash is expected to move up till minimum of 7850 and should not move above 7992 OR else the Terminal Impulse pattern will become doubtful. The breach below 7607 will also negat the expected up move.
5. The above mentioned expected targets may be reached in next 1-2 weeks.
6. A major top is expected in the price window of 7850-7992, and thereafter a sharp and big correction may take place
nitin sir
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