Nifty touched 4979 as mentioned making a triangle for wave (4).the thrust out of triangle is wave (5) which if completed ,will retrace to 5040-5060 or above area upwards to complete wave 4 & then test the 4979 bottom for wave 5 ( see projection in white lines).
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DISCLAIMER The content given here is only for Educational purpose & not for Trading.The Analyst cannot be held responsible for any losses incurred by acting on the content.Trading in Futures & stock market is Risky.So consult your own Financial Analyst to trade.