NIFTY ELLIOT WAVE ANALYSIS NEXT STEP , #FALLING WEDGE #ENDING DIAGONAL

Hello Friends,

                         Nifty made a Falling wedge ended  near 11840 on 11 Dec. I couldn't continue blog daily basis due to some urgent work. Now it made a high which is 78.6 % of  this Ending or Leading Diagonal (will come to know later) . 

                        As i told you in my  before  previous post that it isn't confirm . Weather Nifty has made his top or still Nifty is in wave ((iv)). 

                        But in my view its look likely that still wave V to complete. Nifty is in sideways. i am not confirming it . The previous bearish view will be confirmed by Monday itself (Blue). but the indicators are not suggesting with this ferrous up move . On invalidation of this view, it should be sideways market . and Nifty is in the wave iii of wave A of  wave D. 

                       Rest more clearer pic i will post with All time frame charts after Monday.

3 Charts i have posted as below :

NIFTY 1 HOUR CHART (ENDING DIAGONAL)

NIFTY 15 MIN CHART 

NIFTY NEXT EXPECTED MOVE

For more reliable result wait for Option updates tomorrow morning.


Disclaimer : Please ask your financial  adviser  before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.

One must analyse his own before making trade or invest.


Thanks , with Regards
Arun Khanna