Nifty Midcap 100

Wave 4 for the Nifty MidCap 100 index was a diamond triangle pattern. Today's correction might be minor wave iv of 5, which is shorter than minor wave i and that means that the vth wave will be smaller than wave iii. on the other hand, 5 = 1 is not very far from 21,330. All we can say is that one more move to higher high is pending for the MidCap index before we can say that a 5 wave advance is complete. It may stretch beyond 21330 as well if it has to.