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Nifty after breaking above 5720 made a high of 5776 and seems need to cool off for sub wave 2. So now the Possibilities are
1) wave 2 is finished if able to cross above 5755 as Yellow Arrow marks the same
2) else it can cool down to 5700 or 5690 before next jump, as C of 2 is still pending as Green Arrow markings.
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