November 5, 2015

Elliott Wave Outlook of Nifty for 05 Nov 2015

Elliott Wave Outlook of Nifty for 05 Nov 2015

 | November 4, 2015
Nifty opened gap up today at 8104 and bounced sharply till 8116 but failed to sustain at higher levels and traded with negative bias for rest of the day to decline till 8027 before closing 20 points down at 8040. Nifty opened well above our minimum upside target of 8099 but break below trailing stoploss of 8077 later and fell 50 more points after that. Let’s have fresh look on latest chart.
Today I am covering wave counts from last week high 8336 and read my previous report Most Probable Elliott Wave Counts of Nifty as on 02 Nov 2015 for previous wave counts.

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