Wave C down in NIFTY seem to have started ...

NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively.

There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.