Tuesday, September 16, 2014

Elliott's Wave Analysis Report of Nifty for 16 Sept 2014 with Updated Long Term Counts

Long Term Counts of Nifty

Medium Term Counts of Nifty

Analysis for 16 Sept 2014

Current setup on charts suggest nifty to trade in range of 8000-8100 in next 1-2 sessions. There may be a small bounce tomorrow from present levels followed be slow decline for low. No major upside above 8100 or major downside below 8000 is expected. Overall, Nifty is still bullish for medium term and can show new high soon after completion of this correction.