Its been couple of months and nifty is seen in range keeping traders guessing
about the next move the kind of structure nifty making makes me feel we are in for a
complex correction with X wave attaching two abc ,This could be a probable case and the we witnessing now most probably should be b of second set of abc well things should clear out
soon .
I am quite confident on one thing nifty cannot move much above 4750-800 till we go down considerably
you see to go more up we need to go bit more down
If this structure works out downside levels to be watched would be 4400.4200 and 4000.
A loosely prepared chart is attached to show the probable move for next several months .

wave trades on this.
Regards
Rish
RESEARCH REPORTS