Nifty opened flat at 8258 on Wednesday and traded with positive bias till afternoon session to register day’s high of 8294 but again fell sharply without achieving 8298. Nifty declined almost 80 points from high in just 60 minutes followed by recovery before closing 9 points down at 8251. Let’s have a fresh look at latest charts now.
Today I am covering Nifty move after 29 Sep 2015 low 7691 which I am expecting as start of wave (C or 3) explained in my previous report Nifty Elliott Wave Analysis for the Week commencing 19 Oct 2015. Previous counts are same as I explained in this report.
This is 15 minutes time bar chart of Nifty covering move after 29 Sep low 7691 which I am expecting as start of wave (C or 3).
Read more at http://sweeglu.com/elliott-wave-report-of-nifty-for-23-oct-2015/