Possible Long Term Elliot Wave Count - Nifty

It is a possibility that we ended wave 3(3) at 11,171 and market is undergoing a wave 4(3) correction in the long term charts.Nifty could have completed wave (a) of correction at 10,276 today but the correction doesn't seem complete so it is possible that market can correct to levels closer to 9,700 after a pullback . In the long term chart we are still in a wave 3 so lot more upside is still possible after this correction so add your favorite stocks to your portfolios at levels closer to 9700.

Please note that these views are based on the my limited capabilities as an EW analyst and there are multiple ways to analyse markets . Kindly do your own analysis or check with your financial advisors before taking any decisions.


Good Luck and Trade Safe !!!