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Hi Friends,
I hope these Nifty analysis post helped many to minimize their risk.
Nifty reversed from 5180 mentioned level,Well the fall from there has unfolded though
its still debatable whether A exhausted near 4968.
Three scenarios
1) 4th of A underway
2) 5th of A underway
3) B underway
Lets not get into describing the chances of any of the above possibilities.
The thing which looks eminent at current juncture is nifty should rise from present levels
or after some more fall ,I don't see nifty witness deep cut as of now with out rise.
Mondays trade should clear much dust and should reduce these alternative count possibilities.
The success of Elliott wave analysis lies in how well you adapt to the fast changing waves, For
this reason only an Elliott guy would usually have 2,3 counts on hand:)
Regards
Rish
PS:- The order of wave count yellow white red (Least to highest)
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