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Update on Nifty....from the bottom of 5118 to 6309 which we consider as A , correction of 38 percent up to 5933 which is B the 100 percent move is 1191 points...which works out to a number of 7124...so any close above the weekly trend line of 6800 can take us to 7124...which could be an immediate impulsive top, after which we can correct up to 6527 which is 50 percent of 5933 to 7124 or 61 percent which is 6397...again finding supports around these areas we can cross the previous top made at 7124 and the target for nifty could be as big as 8000 levels These all assumptions are based on Elliot waves counts.




























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