Nifty met the target of 6330 last week and since then I am bearish on the index. I believe wave 5 of a bigger wave 3 has ended now and we should see some corrective wave 4 happening now.
This wave 4 should take us back in the range of 6180. I am yet to prove it with appropriate numbers but thats what my gut tells me.
Also, exploring another trader on ichart and amazed by the accuracy of the predictions. The primary settings used are Pivots and wave along with fibs.
So once, I prove that my model has gaps in it, I will work on understanding the true wave theory as set by Percher's video sessions.
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