Dino_Naidu

WEEKLY ELLIOT WAVE ANALYSIS :- NIFTY 50

Long
NSE:NIFTY   Nifty 50 Index
WEEKLY TIME FRAME

The NIFTY 50 covers 13 sectors. It gives weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to Consumer Goods, 6.11 to Automobile and nil to agricultural sector and has a base capital of Rs 2.06 trillion.

Nifty has been rallying since Feb 2016

Now we are in the corrective mode structure, its difficult to identify what kind of correction it would be

Either it can be Zigzag or Triangle

Upward Sign of 9390.31 or 9970.80 levels

Elliott wave Analysis, All types of Asset classes are covered like, Indices, Stocks, Currencies and commodities.
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