-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100 -After that we can expect new wave cycle from there but we will discuss it when the time comes
Hope this idea was helpful & good learning experience