Here I am posting nifty
long term Elliott wave
analysis. Currently we are seeing nifty
sliding in its IVth wave. Nifty
Compleated "b" wave of (IVth) near 11789 after that price is falling in "c" wave. As shown in chart price may slide upto 9200-300 near Channel support in long term as shown in chart. "(c)" wave price may fall in five wave formation. Currently price is falling in wave (i) of wave "(c)" of IVth wave. In a very short term 11000-11090 should provide strong support and I am expecting a bounce for wave "ii" of 'c" wave. Wave "ii" of 'c" wave can retrace up to 61.8% fibonacci level. So Any rally towards 11400 -11500 will be good shorting opportunity for the target of 10000 level.
I short I hope...... Nifty
trend is set for 9200 -9300 level in 2019 financial Year.