Nifty Breached 7745 but Wolves Must be Kept Track of

In my last post I had talked about couple of Wolfe Waves developing in Nifty.  Today's fall has completed the 5th wave of the incomplete wave.

While the lack of divergence may indicate further fall,  the things may turn around if Nifty starts closing above the baseline.  Things do look gloomy for now but  a change may not take much efforts from bulls to kick start these wolves.

SUGGEST KEEP AN EYE ON THEM..