This is just an initial thought and i am not going to short right now.. but at the break of 9650 .. ( since the wave 4 cannot overlap wave 1 ) .. keep a watch !!!
Charts attached.. your views..especially if you trade using EW !
There are divergences appearing on the daily chart already ! But since its a life time high .. these kinds of divergences do happen ...
Nifty broke a very important trendline.. has multiple targets the downside ( marked in the chart ) .. has already achieved one target.. second target is also near ( and possibly will achieve this since the C.5.5 is still pending )