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Nifty looks to be moving down in Wave 4 (Elliott Wave Analysis)

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Nifty 50 Index (NSE:NIFTY)  
NeeravYadav  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Wave Analysis nifty50 niftyshort Elliott Wave nifty_wave4 nifty_wave_count
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trendanalysis waveanalysis nifty50 niftyshort elliottwaves nifty_wave4 nifty_wave_count
The move up after the Triangle seems to have completed nicely as an Impulsive structure and hence it seems that the current leg down is for Wave .iv which can take Nifty to 11075 to 11010 levels.
Shorts can be held with SL above 11176 which is the current swing high.
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