chirag_Khasiya
Short

Nifty elliott wave analysis for 8th july 2019

NSE:NIFTY   Nifty 50 Index
CHECK MY BUDGET DAY POST FOR EARLIER WAVE COUNT..
from recent budget day high 11981 it seems that nifty has completed wave (A or 1) at 11881, wave (B or 2) at 11944 and its in wave (C or 3). In (C or 3) wave i, ii, iii and iv is already completed and maximum limit for wave v is coming at 11773. so from there we can expect 23-38%(of 11944 to recent low below 11798) bounce. And if nifty bounce from here without breaking below 11798 then 11833-11854 will be resistance range. And we can think of upside reversal only if nifty trades above 11855.
well I still believe B wave with in the complex Wave 4th is still not end yet , I am looking tag of 12030 before it makes turn around
Lets see how it moves
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