As per Elliott Waves Principles guidelines, Nifty 1.59% has completed its complex correction where two corrective patterns where formed. First was Flat correction pattern where 3 Waves (ABC) subdivdes into 5-3-5 correction (marked as W) and another is simple zig-zag correction where 3 Waves (ABC) subdivides 5-3-5 (marked as Y). Both were connected by inverted Zig-zag three waves pattern (marked as X)
This above complex correction completes the corrective phase of the previous wave and now we could see another 5 uptrending Waves.