At this point, Nifty has fallen for last 3 days.
On daily the count looks like:
wave 1: 5973 - 6123 | 150
wave 2: 6123 - 6030 | 93
wave 3: 6030 - 6229 | 199
wave 4: 6229 - 6150 | 79
wave 5: 6150 - 6415 | 265
and now we are in corrective wave a at 6230: so 185 retracement
or this could be wave 2 corrective wave going on now. To validate this Nifty should again cross 6415.
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