Innovative_Impressions

NIFTY 50 Prediction by Elliot Wave Theory

Short
NSE:NIFTY   Indice NIFTY 50
B wave is completed or about to complete at 0.5 times Fibonacci retracement of wave A i.e. around 9963. Assuming to be the zig- zag ABC correction than C wave will follow the downward course till 1.618 times wave A or beyond i.e. around 4500 or lower. Also it can be seen in future that completed wave B will form second shoulder of Head & Shoulder pattern and eventually leading the downward progression of wave C to 1.618 times wave A.
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