As has been indicated three weeks back nifty is forming a expanding triangle and also that we are in the final wave the fifth wave. I have now furnished the elliotte wave break up of the fifth wave, its indicating that it is in completion of fifth of fifth and we are also nearing the A-C trend line, which is clearly indicating that we are in the final stages of completion of the same, Once completed we can expect nifty to correct around 200 to 300 points. The fifth wave can also expand in which case we can see the market moving further up but one point is sure we are in the final stages of up move.
M.Sri Mahidar
Trend is Friend.