Nifty 50 Elliott Wave Analysis 7th Nov. 2016 onwards Indian Stock Market

In my last article I clarified that the bias seemed downside and I was myself holding short positions from 8550 and expecting target as 8440 which as you can check was clearly achieved with good momentum.

In this video analysis I have discussed 2 varying possibilities that can take place from here on in Nifty 50.

Possibility 1 : The correction in Nifty continues as an Triple Zig Zag

Possibility 2 : An impulsive leg upwards breaks the trend channel and upward trend resumes.

In both scenarios 8550 will serve as an important region.

Watch the complete video for more details :


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