Nifty expected to be sell on rises till the required positive divergence between Y.a and Y.c or C.iii and C.v....
As the down move appears as 3 wave and there are three probabilities:
1) If corrective X in play from 5814.35-5850.2*, Nifty might make a tick above 5850.2 to complete patter and it will start heading for Y.a (5 wave)..... Overlap with 5861 may or may not occur....
Y in total will do as equal to W (131.3 pts) or 1.618*W (212 pts)
2) Ending diagonal in play:
C.sw1: 5945.65- 5814.35 =131.3
C.sw2: 5814.35-5850.2* = 35.85* {0.27*C.sw1}
(seems incomplete Nifty might make a tick above 5850.2 to complete pattern)
5861 may or may not breach... Gap may remain unfilled till completion of this C wave.
C.Sw3 can do 81 pts to 212 pts...
3) Corrective (a) over. (b) in progress which should overlap with 5861 must and can go upto 5907...
So Nifty will be bearish for the next two days...
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