Update on Nifty Spot

Looks like that the rally from 5984.6 (14th Feb, 2014) i.e. the 2nd leg of the corrective is forming as a Bow-tie diametric and we are currently in the g leg of the diametric and ideally it should complete near 6850+/- 10/20 points and thereafter correct. Now if the correction is less than 111.6 points it could be an x-wave after diametric else it could be the b-leg after completion of a-leg of the 2nd corrective. Let's see what comes up. I would say what I have always said - trade the levels, charts can adjust.