Nifty broke the consolidation zone on downside very sharp and also breaches the 61.8% retracement level of previous move. It shows that Nifty is Short for Medium term...... Now if we talk for next move of nifty we can see that it has completed wxy in double zig zag pattern.. after that we were considering that one more zig zag... But since it had breached the 61.8% we will consider it a irregular correction of previous wxy(A) and now c will start on upside which could go upto 18270.....from there we can see a big fall upto 15200..