NIFTY Analysis

Make or break level marked upside and downside levels also marked

One advanced analysis or learning for you this week for a medium to long term time:
1.According to Eliott Wave Theory, any major uptrend has 5 waves which consists of corrective and impulsive waves
2.Currently we are on the 5th wave and after that major trend reversal starts
3.In my opinion Nifty will rise more and it may breach 20000 level also but we must be careful for correction and when we will get the confirmation of the trend reversal we will start acting accordingly
4. Now the confirmation is that when the 6th corrective wave formed(bearish) it will be equal to the 5th wave

Well traders it is a very important theory and you musr study about this

Good Luck for next week