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$NIFTY Wave 2 of 2 in progress

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
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NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Chart Patterns Wave Analysis NIFTY indianstocks
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chartpattern waveanalysis nifty indianstocks
Nifty has rallied upto the 0.618 level also coinciding with the prev wave 4. This means the minimum price targets for the correction is done. However the time seems to have been too soon, What I expect is a sideways to downward movement before a wave C completes the correction.
( wave nos corrected above)
Long term - headed down
Michael @ SolomonsView

Twitter - @SolomonsView
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