AJAYSHARMA

In wave c of ((ii)) of minor 5

NSE:NIFTY   Indice Nifty 50
The base channel was threatened t day . A gap down or a swift break of the channel will confirm the wave b top is in place and we may not see a wxyxz structure . Only a wxy structure . wxyxz structures are rare. So we have a wave (c) on our hands to complete wave ((ii)) . Should end near 10350 levels (1:1) or 10400 levels (1:0.618) . Then we should launch wave ((iii) of 5 . Till then stay short . I think . Even if a wave z comes up it would still be a wave (b) . At this moment it looks like a flat .Regards
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