I did some Elliott wave analysis on Nifty yesterday evening. It looked like there could be two outcomes i.e. either last leg of corrective wave 'C' could extend further till 9372 or below. Other outcome (which did not happen today morning) could have been beginning of new impulsive wave '1'. After looking at today's scenario, I think it is extension of corrective Wave 'C'. I may be wrong.
But then again, new impulsive wave '1' can begin anytime now.
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