NeeravYadav

Nifty is this a flat correction (Elliott Wave Analysis)

Short
NSE:NIFTY   Nifty 50 Index
Since the past few sessions NIfty has not given any clear sign of the market direction.
My bias is that it should give a good correction before giving the next leg up and hence in the above count I have taken the movement from 9215 as an Expanded Flat correction .

The other probability is that the Wave B is still not complete and is progressing as some kind of complex formation, which still remains to be seen, however even in that case a correction will be due.

The most probable downside targets are :
T1 : 9075
T2 : 8955

The invalidation point will be above the last peak.
I will update as the market progresses.
80% plus forecast accuracy for 5 years : http://50eyes.com/forecast-accuracy/

Detailed Analysis(Articles + Videos) : https://50eyes.com/blog/

Video Course : http://50eyes.com/elliott-wave-course

Training Program: https://50eyes.com/training-progr

Comments