aashraypatel

nifty elliot wave short term forecast

Long
NSE:NIFTY   Nifty 50 Index
currently NIFTY is in short term uptrend, with begining of a C wave( impulse) of corrective ( zigzag ). wave 1 and 2 are completed and wave 3 has begun as on 8th jan 2019. The most possible target for wave 3 would be 100 percent fibonccaii extension of wave 1 at (10937.98), in case of third wave extension (look at internal waves for extension signal) we can expect wave 3 to complete at 138.2 percent or 161.8 percent of wave 1 ( 11015.88, 11064. 01 respectively) wave 3 completion can be expected between 9th jan 2019 to 10 jan 2019.

Comments

no sign of extension of third wave so far so we can expect 100 percent extension of 1, 10938.
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nifty target for tomorrow( 10th jan, 2019) touch 10938
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nifty moving as expected
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