The Nifty is in wave 4 as shown in chart the current pattern is sort of running type of correction called double three same type of running flat correction was happened in wave 2 also as shown by green arrow in chart.The high probability target for Nifty upto Monday is 16585 level as shown in target.
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The Index has completed the 16826 as the wave 3 target 161.8 % extension and now th wave 4 of Minute degree looks like started.
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