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Nifty May Still Reach Lower Levels Before Turning Up Again

Nifty 50 Index (NSE:NIFTY)  
ew-forecast  
NSE:NIFTY   Nifty 50 Index
NIFTY Elliott Wave correction impulsive
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nifty elliottwaves correction impulsive
On the Daily chart of Nifty we are tracking blue wave c-circled the last leg of a three wave pull back. That said price already made four red waves to the downside, with red wave (v) still unfolding. Price could reach the fibo. level of 50%, before turning to the upside.
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