Nifty elliot counts

If nifty breaks and sustains below 16700 for two weeks next destination could be 14200 , sl-17340 after activation
Nifty seems to have completed 5 waves on upside already at 18604 and recent rally from 15183 to 18800 was a kind of an irregular upmove in form of abc.

This thesis will catch more aggression once 16700 gets violated with abv condition.