nifty elliot wave short term forecast

8 thg 1, 2019

currently NIFTY is in short term uptrend, with begining of a C wave( impulse) of corrective (zigzag). wave 1 and 2 are completed and wave 3 has begun as on 8th jan 2019. The most possible target for wave 3 would be 100 percent fibonccaii extension of wave 1 at (10937.98), in case of third wave extension (look at internal waves for extension signal) we can expect wave 3 to complete at 138.2 percent or 161.8 percent of wave 1 ( 11015.88, 11064.01 respectively) wave 3 completion can be expected between 9th jan 2019 to 10 jan 2019.