Nifty Elliott wave analysis for 27th Dec 2018

NSE:NIFTY   Nifty 50 Index
It seems an impulse wave completed from 10985-10535 and wave started from 10535 is also showing impulsive personality as of now. wave (C or 3) is projected more than 161%. Now 38% retracement level is important to watch which is coming at 10687. If nifty decline in this range(10710-10687) with corrective pattern then we can see one more bounce as wave (5). Trade only if risk reward ratio is favorable.
what should be target upper and lower for in next 20 days if impulse wave completed from 10985-10535.
I am holding 11200 CE JAN bought for 36 Rs.
Sir ur views on nifty relating to elliot wave r very appreciating. thanx so much..
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