SPX5000

Possible Elliot Wave Count - Nifty

Long
NSE:NIFTY   Indice NIFTY 50
As discussed in my previous analysis I mentioned that Nifty would probably have made the 4th wave low at 10,123. Assuming that Nifty restarted its upward move from 10,123 ,the minimum projected target is 10,339 but it could extend much higher to even 10,570. Keep your long positions intact till we see an impulsive 5 wave fall which will signal the end of the rally from 9687.

Good Luck
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