Nifty 500 point Swing Trends

Till the mid or end of july 2017 could be a correction phase which may bring down nifty to 9150 or even lower. Nifty may again touch its recent top of 9709 after mid august 2017. Disclaimer: It is just an analytical observation and in no way should be Perceived or Portrayed as an absolute Fact or Statement. These posts may be published either daily or weekly or monthly or yearly based on market scenario.

Based on a time frame of 5 years or more, Nifty looks to be in 5th bullish Elliot wave. The 5th wave started from 6800 - 6900 levels during February 2016. This bullish 5th wave may continue till June 2018 with corrections in between. It might even continue farther than June 2018 but then, tops after this period should be observed cautiously. Disclaimer: It is just an analytical observation and in no way should be Perceived or Portrayed as an absolute Fact or Statement.

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