IDX:NIFTY 50 - chart - 676546
Elliott Wave Right On Point.
(use the link to view for full resolution image :https://www.tradingview.com/x/pc6679FV )
as you can see why the markets sharply plunges as the new high was 5 wave of the fifth wave.
usually the bear market bottom occurs near the low if wave 4 which is near 7000-7500.
if nifty breaks those levels than the last levels is placed at 6000.
look out for bottom as it is near.