Nifty is unfolding in a five wave advance from the lows of 10790 where it completed wave4 , within this five waves of the fifth wave it is currently in the third wave of one lower degree and its projected target comes around 12060-70 odd levels which will be 1.618 times wave one of the same degree. Support is placed at the lower end of the channel around 11800 -...
Nifty 50: The Index has seems to have finished wave C of Wave 4 of one higher degree at 11185.15, from there five wave rise was seen to the highs of 11493.50 which is wave i of wave 5, and currently the index is in wave ii correction and ideal termination point of this wave ii should be around 11366 levels, minimum retracement as per Elliott wave principle has...
Nifty is unfolding 5th wave on the higher side which is further subdivided further into 5 sub waves and in which it is currently into its 5 wave of the third of the fifth, Higher side projection is seen in the range of 11810-11840 range ; while the current count will be invalidated if it breaks 11580-11590 range on the lower side.
