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Nifty 50 Index
Long

NIFTY ELLIOTT WAVE ANALYSIS

By TradeMagic005
Updated
The NIFTY Index which has been trending in impulsive move for couple of weeks, which trend is about to terminate now.As it has been forming the Ending Diagonal structure in which wave 4 is in progress now nad the wave 5 targets are 18170 and 18275.After that Nifty should give big bearish move to down a correction of previous trend.
Note
Trading In progress.....trade the lower degree continuation pattern to downside.
Chart PatternselliottwaveprojectionTrend AnalysiswaveanalyisWave Analysiswavetheory
TradeMagic005
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