Nifty Analysis

How Must you play this market currently is explained in the NS chart. A Move from 15183 to 18094 Must be labelled as A Low and B high. C down is pending , and will do this with another ABC down. Ideally, C=A, which means 18094 - 15183 = Back to 15183 and probably should break this before C completes and we start the next leg up. I have given the retracement 0f 38.2 to 61.8% based on an extremely Immediate term basis, knowing Fully well that a bounce from here will prepare ground for the Next leg down to complete C. Time wise, A to B = B to C.
Irrespective of what the Dow or the US $ or Gold or anything else wishes to do....... In the Medium Term Nifty has UNFINISHED BUSINESS PENDING TO THE UPSIDE.
ACCUMULATE this DOWNFALL for a RISE.
In the EVENT that C is not equal to A, the markings Must then be changed . Ill mark the change based on todays OED. But I am of the opinion that we let be the markings as they are