dhinesh_kumar

Elliott wave analysis # as expected fall started ??

Short
NSE:NIFTY   Nifty 50 Index
Wave B of (2) completed. Wave C of (2) started its journey.

Invalidate level: Nifty 15700 and Banknifty 35480


Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Banknifty update:
Comment: Suppose on Monday if reaches invalidate level (15700 n 35480), next possibility is updated in the below chart.

Nifty

BankNifty
Comment: There are only three possibilities:
1) as per analysis (if open below last close and break day low)
2) after some pullback (~ 70%), it should fall as per analysis
3) Sideway correction (here there is chance to break Friday high as irregular correction)

Not seeing any strong up-trend, at-least for next 2-3 days.
Comment: So far wave formation suggests no big fall. It may be sideway correction.
Comment: Banknifty updated wave count

Comment: Banknifty from 19th April

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