Nifty : Still some upside left ???

Dear All,
                We are presenting a detail Analysis of Nifty Here .......we  Might be dividing for C wave Down ...

Currently we are in minor wave 4 of Big Wave C down .......as per theory Wave 2 and wave 4 tends to alternate ....wave 2 was sharp zigzag .....so we can expect wave 4 to be complex .....i.e. triangle /Irregular also.  Wave 4 tends to retrace max of .382%  to 50% ret  ..........u can see levels of these ret in chart shown
Above ................as soon this wave 4 ends we will resume down trend ....for  5 of c going down .

We can label this up move in two ways ....first is shown above with possibility.

Second way we can interpret this move is shown above .

Please Note trading in wave 4 is very tedious task as wave 4 has a habit of taking any shape ..


In Both case ..........Aggresive Seller can short Nifty as per spot levels between 5739---5792 target 5516--5480 with stoploss of 5800 nifty spot on closing basis .

Thanks & Regards
Abhay Mehrotra