As per my count of Elliott Wave Theory, Nifty most probably has reached it's 3rd wave target. This is because internal minor wave of wave v is extended and is 100% projected length of wave i to wave iii i.e. 17428 to 16914=514 and taking this length from wave iv.
I am more convinced that there is a confluance of ratios at the current level of extended major 3rd wave which is approx 238.2% . But if Nifty is able to surpass 17850 level, it will heading towards 17900 level
If Nifty haults here and slip below 17730, then there will likely to be a good amount of correction and Nifty may come down to 17620 and even 17490 level. So, let us know what will happen next. If you like my analysis, please leave a comment and message me for any clarification
I am more convinced that there is a confluance of ratios at the current level of extended major 3rd wave which is approx 238.2% . But if Nifty is able to surpass 17850 level, it will heading towards 17900 level
If Nifty haults here and slip below 17730, then there will likely to be a good amount of correction and Nifty may come down to 17620 and even 17490 level. So, let us know what will happen next. If you like my analysis, please leave a comment and message me for any clarification