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Priyessh

Nifty 50 Elliot wave analysis Part 2

Nifty 50 Index (NSE:NIFTY)  
Priyessh  
NSE:NIFTY   Nifty 50 Index
Wave Analysis nifty50 nseindia
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waveanalysis nifty50 nseindia
In continuation with
Nifty 50 Elliot wave analysis
study. although I think 10050 was a very good support and D wave of 5th wave should have concluded. But it has broken the support. Next support is 9700. Although in my chart I have kept end of D around 9500 based on Fibonacci retracement of 0.5 of wave B to C. So if we do not see any rebound now, (due to all trade war and fed hawkish stance) my first target for wave D conclusion would be 9700 and will be in 9500 levels. I have also added Wave ABC after completion of 5 wave.

regards,
Priyesh Khunteta
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