nifty started up wave "d" from 15671 and till now made high 16442
currently it is making higher high and higher low swings...
with narrow consolidation between 17050-----17450
being 17010 is 50% fib ratio giving support and 17326 is the 61.8% fib ratio
Till index making higher swings of HH -- HL.... upside targets of 16600 remain open for nifty
calculation : last "X" wave range was 16410 to 18350
wace "X" : 18350-16410 = 1940 points
so now wave "d" target (which is similar to "x" behaviour) started from 15671 comes near 17611
"d" wave tgt 15671 + 1940 =17611
for this target it is important for nifty to sustain above golden ratio 17326... still no single candle close above this ..
views are educational... Do your research and exchange the ideas...
Thank you