New candle for 11am is started below the mid point. Now will nifty move towards the lower boundary line of the billinger band? Then it may be the deep correction of wave (ii) of Elliott wave. 2nd wave of Elliott waves are known for deep corrections. However it should not cross 5169.10 which will invalidate the current counting as per Elliott Wave rules [2nd wave should not retrace 100% of wave 1]
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