nifty corrective wave "b" up on... immediate hurdle 18422

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#nifty hourly chart.. broken down the channel ..1st sign of weakness...
abc correction on... of which wave b up on..
immediate hurdle near 18422 (astro level) and psychological level 18500 would be resistance zone
corrective waves are time consuming..
now one should be cautious at higher level as after wave b up... sharp wave c down may start...
one should wait patiently and take short position only if selling pressure is visible.


Nota
made low near 18270 today.... almost 150 points down from our given astro hurdle level
Chart PatternselliotwaveanalysisGannnifty50Wave Analysis

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