Corrective action continues after the 1st leg up of the 3rd leg of up-move after the 2nd x-wave. Holding about 8320-8340 zone Nifty will bounce back to recent highs once again.
Current fall is d-leg of the probable triangle now b-leg was 3 days and c-leg started from the 4th day. So d-leg should also for may finish on 3rd /4th day i.e friday/Monday(coming) if the parallel line drawn through b of a-c line is broken d-leg will be bigger than b-leg. and might favour a diametric as well. So, buying closer to 8300 is advisable.
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