Elliott Wave : Nifty 50 - Motive phaseI have plotted only motive phase & will update for corrective phases. I think NIFTY will make the bottom around the 6800 zone. While forecasting the exact bottom is nearly impossible but we can use it to take short term positional trade.
In two of my previous Nifty 50 charts, I have described how bearish candlestick is forming near Elliott wave 4. This further boost our confidence to take short positions.
Assumption:
I am assuming the fall between Feb 10 to 13 March 2020 was biggest fall of this Elliott Wave.
