(1) Nifty Elliott Wave Count For Coming Month ::
Nifty Elliott Wave :: All you know we post wave count of Nifty as Primary corrective Zigzag B running as W-X-Y of Y with A-B-C of last leg C .. With Inverted Head and Shoulder pattern (still conformation pending).. Both wave and pattern target match between 5100 to 6000
Here we plot today one mare Elliott wave pattern W-X-Y of Y as A-B-C of last leg C running with Ending Diagonal primary Zigzag as1-2-3-4-5 , 4th may be over and 5th last leg running with target of 4800 to 5000.. For reverse position now 2-4 line works as major trend decider as closing basis..
Now what to do..
In up swing watch breakout of 4736 with strong volume and hold above it with volume Nifty move up strongly for Inverted H&S target OR if in up move volume is low even after breakout then we see major selloff for last C leg in coming month..
Here we plot today one mare Elliott wave pattern W-X-Y of Y as A-B-C of last leg C running with Ending Diagonal primary Zigzag as1-2-3-4-5 , 4th may be over and 5th last leg running with target of 4800 to 5000.. For reverse position now 2-4 line works as major trend decider as closing basis..
Now what to do..
In up swing watch breakout of 4736 with strong volume and hold above it with volume Nifty move up strongly for Inverted H&S target OR if in up move volume is low even after breakout then we see major selloff for last C leg in coming month..
for all other people calls please trade at your own risk