Nifty Future for December 31 - Rakesh Chandra

The Nifty 5-min chart analysis shows a simple 1-2 down wave, hence the 4th downwave would be a complex corrective, which was formed yesterday morning.This complex wave was in a triangular shape within a triangular 5-wave series, which has been completed.

Now, the 5th up wave is in progress. The max extension of this 5th upwave is the 3020 area. Then again, an ABC corrective will be in progress.

With Stoploss 2,968, buy above 2,983.24 with up target >3,008>>3,049>>>3,074.

With Stoploss 2,983 short below 2,967.76day with lower target >2,943>>2,902>>>2,877.