TradeMagic005

NIFTY SGX Elliott Wave Analysis

Short
NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
Today Nifty has shown very panic bearish sell off.Now the Market has completed the daily timeframe impulse as shown in the chart .The index has entered into the Double three wxy correction in which w and x leg are completed and now the wave y has begun in which wave a is unfolding.The price targets to complete the double three patterns are 18180-18120 and if those broken down then downside 61.8 % level zone target is 17560 level.

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