Nifty in Third Wave Extension - Rakesh Chandra

Nifty has formed an extended 3rd wave on the Daily chart. It should now go in to a 4th corrective wave formation (complex pattern formation), and then see a final 5th wave to the upside.

With stoploss 3,462 buy above 3,490.59 for weekly upside target of 3,536>>3,610>>>3,656.

With stoploss 3,491 short below 3,462.31 for weekly lower target of >3,417>>3,342>>>3,297.