Elliott wave in Nifty weekly chart..
In weekly Nifty chart osillator give conformation of last and final 5 th wave ..we r in 3rd of fifth.may be possible that 5th of 3rd may be over so minmum target 3758 or old high 3775.OR one possibility is 3rd is in progress if this senario 3 rd target for up side 4120.. conformation of 3rd live hold nifty above 3910.
Jay
Hi Jay,
Only thing that bothers me on your chart are 1)2595 to 3208=612 points
2878 to 3490=612 points and equality with earlier rise,and this one from 3328 to 4040.Sometimes weekly doesnt show everything,u need the noise.What do u say.
Considering the magnitude of correction,i think 3826 if it holds for tomorrow is going to decide the course of the market for the time being.But i bet a lot of longs wud have been shaken,whether they are stirred or not only time will tell.
Warm Regards.