tdurai84
Long

NIFTY 50 WAVE ANALYSIS 31 MAY 2016

NSE:NIFTY   Nifty 50 Index
1518 views
6
1518 6
As per our wave count end of 4th and sky rocketed nearly 500 points on nifty . Our extreme wave target for this pattern is 8178, On this enthusiastic run our target reached yesterday. So we adjust the target for this wave pattern as per elliott wave projection, the target 8420 region act as major reversal zone.
wave 4 cannot overlap wave 1 . you may need to adjust wave counts
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how did u come up with downside target ?
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tdurai84 Sachinsyd
i think u r asking about 6779 level... Sell signal generated by my mathematical calculation that level is not hit. So nifty definitely fall to that before breaking the 2015 high. Target 1 - 6779, target 2 - 6300
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Good analysis!! Correction likely ? If yes till what level..
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tdurai84 nirav5
Correction could be very narrow upto 7975 to 8000 level. Minor bottom will be placed on next week tuesday or wednesday.
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nirav5 tdurai84
Thanks
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