Tuesday, March 01, 2016

>Nifty Elliottwave Analysis

Hi Readers,
                   A post after a very long gap,I would try to post inbetween .
The nifty has been correcting for almost a year now,At first there was an impression of this matching 
2011-2012 correction ,But slowly its showing its colours.
A chart has been attached to show the wave counts.

I think we are making an expandedflat in this x wave.We usually get a slow correction which goes beyond a year when diffrent sectors are not in sync.
The chart is self explanatory ,Expecting a rally towards those blue levels to finish off x wave 
A breach of 7500 would make me think we have made a bigger bottom else we are into downward channel only.