In my last weekly Elliott Wave Analysis report of Nifty we expected Nifty to achieve minimum 8298 on upside and if even touch 8322 then possibilities will be open for 8450-8550. Nifty finally managed to break 8298 on Friday with gap up after a week long struggle and also breached 8322 opening the possibilities for higher levels. Let’s have fresh look at latest chart to see what is there for nifty in Oct 2015 expiry week.
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. Also read my complimentary report Is Nifty Heading for New High or New Low – Elliott Wave Analysis which I published on 24 Oct 2015 to understand this report better.
Read more at http://sweeglu.com/nifty-elliott-wave-outlook-for-oct-2015-expiry-week/