Nifty DEtourNifty 50 IndexNSE:NIFTYprofitaddaIN continuation to our previous view published on 30-OCt we are long on Nifty. However considering the recent correction of Nifty and making low of 25318.45 there can be another possibility that we are into double correction and wave (c) blue is actually a ((w)) black and we can have a bounce upto 25690-25830 zone which will again get sold and drag Nifty to level of 24980-24512 level to form ((w)) - ((x)) -((y)) corrective wave and then resume its upward journey for ((v)). Whatever it may be we are in view that Nifty is going to make new high in near future and we should be long. If we are already Long then we can offload 50% of our position in bounce upto 25690-25830 zone and hold balance with stop loss of 25340 and re-enter in 24980-24512 zone. Declaimer: These views are for educational purpose and for trading one need to consult his financial advisor and take position as per his individual risk appetite. We are Not SEBI Registered Financial Advisor