Nifty Elliot wave short term view. Is it making Ending Diagonal ?

Hi Friends,

                     This blog is for complete market study. It follows Elliott Wave theory, Dow theory, Option Analysis, Candlestick and Chart pattern etc. 

    Nifty View :
               
1.View (BLUE) Nifty Cash , I am expecting to make Ending Diagonal which i mentioned earlier on my Facebook page too. Wave (i) completed around 12157 . Wave ii is under process,  after completing it will head upwards (wave (iii) ) follow by wave iv and v making an Ending diagonal and Than a fall till 11000 /11200 level we may see.

2. View (PINK) Nifty already made a high at 12157 (100 % of wave 1 to 3 at smaller degree ) We are heading towards the 11000/11200 level.

As per as my view concern, i think 1st view is much trusted . as i had predicted of Friday big bear move of more than 150 points (wave C) day before giving much clear view. Rest Intraday confirmation after Option analysis only.



      Thanks , with Regards
       Arun Khanna


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One must analyse his own before making trade or invest.