Nifty 50 analysis for 21 Dec

Waves have been marked on chart for easier assimilation .. Assuming minor degree wave 4 is complete, Nifty should rally ahead and complete minor degree wave 5 .. Expecting the same to be completing at levels of 13880, thereby also completing the higher degree Wave iii .. From there expecting correction till support levels marked on chart .. The correction appears to be a good opportunity to take long positions. Two important time zones for the day would be 1230-1245 hrs and 1415 hrs

Note - Views expressed are solely for educational purpose only and not meant for trading instruments.