RakeshKohli-Elliotician
Short

Nifty 16-11-2016

NSE:NIFTY   Nifty 50
138 0 1
Update: Nifty             should be able to go upto 8250-8280 levels based on intra-day movements today.
Comment: "Kati Patang" / Devoid of Direction

This the best way to describe todays trading session inspite of > 250 points intra day movement!

Possibilities : a) Failed / truncated wave C ? New move down?
b) Wave B still in progress?
c) Inverted head & shoulder pattern?
Most likely b) &/or c).. the market shall tell us tomorrow..
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