#NIFTY50 Mid Term View - Stay CautiousNifty 50 IndexNSE:NIFTYRavi_BullvsBearsNIFTY We see Nifty 50 currently correcting from All time high, we have three scenarios for this corrections, we know we are not bearish at-least now, so we classify the correction into extremely bullish(1), moderate bullish(2) and very mild bullish(3). Now (1) Extremely Bullish: is we see the panic correcting the Aug08 cycle and bouncing in the form of flat from 1st December. (2) Moderate bullish is the correction from all time high 26373, in which its currently doing the first leg of A wave and we could be doing a waveB and a wave C respectively before higher. (3) Mild Bullish:. we could see the high from ATH in a five swing correction thereby forming a flat, and correcting the entire cycle from Aug25 before resuming the bullish leg.