NIFTY (By Dec 12, EOD)

Observation:

Day Chart:

• Completed 5 wave up-move with 5th wave having 5-waves. 
• Correction is going on. Following are the possible logical ends to this correction:
• Range: 7985 to 7992. (end of 5-2)
• Range: 7723 to 7780. (start of 5)
• Fib lines in the current up channel.
• Closed just above 50 SMA with low < 50 SMA.
• As stochastic is at 7, up b-wave is expected any time.

Numbers:

8353: LowerBand (DayCh)