As i stated in my last post ,there is a rising wedge and NIFTY had taken the support at the trend line ,but the fall from 5720 is in channel and still corrective in nature ,that's why every Elliott wave trader searching 5th of v leg ,a rise up to 5700 at least , which is missing .
The rising wedge support at 5640 breaking below this level will leads to 5440,and if tomorrow still the correction will be in channel and the lower channel at 5620 will provide the support ,and break out of the channel at 5675 will leads to 5700, as rest of the world market already started there correction ,so very soon NIFTY will also start its correction so be cautious .
HAPPY TRADING :R.K.
HAPPY TRADING :R.K.
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