Last week I expected the index would move within the range, instead index went above the upper line with force and closed a little lower still way beyond the upper line I marked last week. This entire wave from 5118 looks very complex and unpredictable. There is a possibility of another wave count that I have listed in the second chart.
As marked in the above chart, it is quite possible that 'c' and also 'B' is completed last week and we can expect 'C' to follow as I have been expecting since last two weeks.
On the other hand, after 'C' ended at 6332 'D' began and ended at 5972 then now 'E' has began and could progress to make a newer top in the next week. The below chart explains that.
Hope I have marked the present waves correct and in the coming week the index behaves accordingly.
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