Long
400+ UP move possible in NIFTY, Bullish setup,Corrective wave
Looks like, we could be getting 400+ UP move in NIFTY in form of corrective wave, which would form 'b' wave of down ZigZag move. There are no signs of bullish move yet, we just made new lows, Lower timeframe BUY setup is still pending before entering LONG trade.
Note
Since updated, we have seen wave 'a' and wave 'b' being formed , expecting 3rd leg up as bullish move to complete corrective structure, unless , corrective structure decides to change itself into more complex correction -> 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.