Nifty looks to be moving down in Wave 4 (Elliott Wave Analysis)
The move up after the Triangle seems to have completed nicely as an Impulsive structure and hence it seems that the current leg down is for Wave .iv which can take Nifty to 11075 to 11010 levels.
Shorts can be held with SL above 11176 which is the current swing high.
Shorts can be held with SL above 11176 which is the current swing high.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
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