Nifty larger trend wave analysis : as now the entire up move from 16828.35 is in 3 waves so we have marked either it's wave C of (X) or wave -3 of new impulsive bull rally, which alternate will unfold in coming days that we never know but all we knows is that we have one level with us which is 17207.25 spot if this gets breach then this up move is wave C of (X) and we will go again lower below 16828.35 and if 17207.25 manage to save and we complete wave 4 pull back and wave -5 up move then consider that 16828.35 is over short term bottom and we are in middle of new bull market so next couple of days will decide we are in middle of which alternate.
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