while the current support is 9700. As I mentioned earlier it cannot move higher and
the Aug series expiry is expected near 9800
While keeping a long term scenario in mind,
I expect Nifty' to make a correction towards 9300 in the next series.
The Channel Resistance beautifully touched
It is probably the best way to use percentages or log scales when measuring Wave length.
Elliott Wave indicates that Wave 3 must exceed the high of Wave 1.
Failure to exceed this high would call for a re-count. Here the wave(4) is deeper than normal.
Many issue are there, let us move with best suitable one, till further clarity emerges.