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⋅ Nifty Elliot Impulse Wave Analysis:
Expected Nifty Long Term Target for Next Wave as below:
1) Nifty will retest the level of 15,450 from 16,300 around.
2) Long term target is 20,400 before major correction. This correction will decide the next trend of Nifty.
3) Expected correction points at this level is around 4,000.
4) Prior to long term target of 20,400 we will face the mid term trend corrections at levels of 17,300, 18,700 and 19,400.