Going Ahead - break of the zone 925-930 shall push prices down for the year 2017.
Key Level is 1145- It should not cross 1130 which is the key level & 1145 is the critical level. Going beyond 1145 shall invalidate larger count & it could be something else.
In current scenario- prices can overshoot 1100+ zone keeping above levels intact if at all, it is looking for a down move in the future-upside can activate on move above 1085 recent high.
This is how we moved so far in 2016
In all the charts- one can click the chart & use load bar feature
Monthly B-Wave Triangle- Spotted at 1077
Bang on for the start-enjoy@1001
Bounce in the zone 1045-1050 with very important support@1000-which broke
Awesome Push from 980's to 1040-1050+ Zone
Trading Incomplete B-wave till 965 below 985- It did not break below 985- infact what a break upside
Important Elliottwave Lesson- Count has to be changed with Alternate count
Move above 1070 to 1085-1090--- 1085 Kissed in the last week
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ