Nifty wave count

Tried to put Elliot wave count for Nifty. As per this count earlier target of 11000, is expected to end the current impulse wave 3 and we will enter in complex reactive (bearish phase) wave 4.


MCX Resistance to Support

After breakout in nifty as identified earlier. Now market is turning bullish and there are more stock counters showing bullish sign.

MCX has given a good bullish indication of Resistance becoming support. This makes support of 1075 a significant support for next quarter or two.

Target of 1375 in short term can be achieved. If it breaks above 1375 next move can be predicted.