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Nifty 50 Index

Elliott wave analysis # possible prediction for 11-17 Jun

By dhinesh_kumar
Updated
Projected the possible movement for 11-17 Jun week.

Banknifty
snapshot

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Note
Inner waves are pending. Looks like it can go above projected level. I will inform when completing.
Note
Nifty completed wave iv of 5.

BankNifty forming complex. There is possibility to break day high again.

Invalidate level: day low 34978 and 15780
Note
Nifty: Wave 5 (green color) completed. Wave 4 is in progress.

Banknifty: Wave X completed.
Note
Updated wave count

Nifty
snapshot

BankNifty
snapshot
Note
The up-move would continue after small correction. Nifty may reach 16050-100 level and BankNifty 36000-36100. It may take 2-4 days.
Elliott WaveNIFTYniftyanalysisniftybankniftypredictionniftytrendWave Analysis
dhinesh_kumar

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