November 17, 2016

Elliott Wave Counts of Nifty for 17 Nov 2016 – Completion of Irregular Correction

Nifty opened gap up yesterday at 8205 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined by 120 points from 8210-8089 before closing 3 points up at 8111.

Yesterday, Selling was suggested on bounce towards 8196-8230 with stoploss of 8237 expecting targets below 8093. Nifty opened gap up in 8196-8230 range to complete “Irregular Correction” and then decline below 8093. Let’s have a fresh look at latest charts for further scenario.


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