Nifty - Looks like a fall is on the cards(Elliott Wave Analysis)Here I'm giving my short term view on Nifty 50 using Elliott Wave Analysis.
As you can see the structure is that of a Triple Zig Zag and currently we are in the last leg of this Complex Correction.
I believe there is a high probability that Nifty will give a reversal b/w 8340 to 8370, if not then T3 : 8440 will be on cards.
STRATEGY : Wait for reversal.
Sell for T1 : 7680 (Wave C MiNIMUM TARGET)
I will discuss further targets in a later post.
Point of Invalidation : 8600, If Nifty goes above this level without giving a correction then I will have to redo the counts.
