Nifty 50 elliot waves

NSE:NIFTY   Nifty 50 Index
Nifty completed its impulsive wave on 18th Aug and now is in corrective ABC wave.
Expected targets are 0.5, 0.618 and 0.786
For further analysis need to see reaction at 16150. If breaks below, corrective cycle will continue and retrace to 1.618 levels. Trade accordingly.
No trade should be open ended. Always use stoploss and trail your profits.
Never risk more than 5% of capital in single trade

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