It seems Nifty currently in triple zigzag correction and will complete its last abc below 11625(most probably in an ellipse drown in chart). So Nifty needs to go below 11617 before breaking upper w
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Decline from life time high 12102 is seems to be corrective and looks like double zigzag in which 12102-11770 as first abc , 11770-12000 as X and 12000-11625 as second abc . Now If correction is co
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Normal projection of wave C could be a reversal range in nifty for high above 11118. To find out exact reversal we need to concentrate on the decline from 11118.
It seems Nifty is in wave 3 of (C or 3) and if 3 completed at 11487 then wave 4 retracement levels
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