Nifty Spot EOD 21st July, 2017

Nifty is now in the b-leg of the 3rd corrective of which a-leg was from 9948.75 - 9928.20 and b-leg started from 9928.20 and is probably forming a triangle.  Previous b-waves took maximum 6 days so we wait to see when this one concludes with a move up above 9928.20. Triangles are difficult to trades and best for deep in the money option writing.  The third corrective like to form another diametric.