nifty update

change in confirmation point from 5330 to 5363 above....

NIFTY ELLIOTT WAVE UPDATE

15mins charts

IN BELOW CHART WAVE 2 IS LIKELY OVER OR IN ALT - BLACK COUNT AND BLUE COUNT IS IN ALTERNATIVE VIEW OF LAST WAVE C ?.CONFIRMATION ABOVE 5330 FOR BULL VIEW.INTERNAL BLUE LINE WHICH IS SUB COUNT TO REAL RED COUNT. [CLICK ON CHART TO ENLARGE IT].

60 mins chart with +ve divergence
+VE DIVERGENCE ADDING CONFIDENCE TO BULL VIEW. STILL CONFIRMATION NEEDED AND INVALIDATION IS IMP PART WHICH TELLS FIRST STORY FOR CLEAR VIEW.
RED DOT IS FOR HIGHER HIGH AND LOWER LOW DIVERGENCE PART.[CLICK ON CHART TO ENLARGE IT].

NIFTY ELLIOTT WAVE UPDATE

IN ABOVE NIFTY CHART.AS PER FORECAST WAVE 2 FALL.AND QUICK RECOVERY IN WAVE 3. WAVE 3 IN PROGRESSION MAIN COUNT IN BLUE AND RED COUNT IS SUB COUNT OF MAIN WAVE. STILL WAVE 5 MINUTE IS NOT ENDED. LOOKING FOR 5900 NIFTY IN WAVE 5 MINUTE COUNT.WAVE 1 IS DIAGONAL SO THERE IS LESS POSSIBILITY OF DIAGONAL IN WAVE 5.WAVE 3 IS EXTENDED SO WAVE 5 ALSO LESS POSSIBLE TO EXTENT. WE MAY SEEN CLEAN FIVE WAVE STRUCTURE. STILL INVALIDATION TO COUNT BELOW 5172.(CLICK ON CHART TO ENLARGE IT)

NIFTY ELLIOTT WAVE UPDATE

CLICK ON CHART TO ENLARGE IT. IN ABOVE CHART WAVE 1 IS SUB DIVIDED INTO 5 WAVE. AND WAVE 2 IS STILL UNCONFIRMED (A-B-C-X-A-B-C). BUT WAVE 2 WHICH IS ALMOST RETRACED .618 OF WAVE 1 IN SHARP CORRECTION. OUR INVALIDATION TO COUNT AT 5172 BELOW. (WE ARE STILL IN BULLISH COUNT OF 5600 ++ NIFTY OR 5900-6000 NIFTY, IF WAVE 5 NOT TRUNCATED THAN ONLY)SOON WE UPDATE ABOUT NEXT NIFTY MOVE .........