NIFTY: assumes that we are in wave v of Wave 3,MinimTarget:10700

An abc' Flat correction completed at 9688 was noticed in advance, which was around 23.6% and it couldn’t achieve the expected 38.2 %,this correction could be wave iv of the Minor wave 3. And as we have the broader views posted long back, wave 3 can achieve a minimum 10700 or even more. Always keep the broader view in mind while dealing with the correction.

There can be many other counts, but I am taking the most preferred view,andv since the trend is up,we are not going to be wrong either way. For Wave 3, I am calling it a minor wave since its duration in expected few months to an year or so.