Above is a long term wave count on Nifty. As per the above elliot count, it MAY not be the end of the road with next big correction and the

NIFTY maintaining same status as before- On last 5th wave . This can correct (shown in 1 minute chart below Above in one minute chart of nifty showing two possible

Have given two separate alternative counts in red and blue. Both are valid as of today. As predicted nifty moving clearly to its final destination to 16400-16500 levels  

We may see a cut today morning. however the upside target of 16400 remains intact.  

Nifty on target for 16000 plus with corrections in between. Expect a bigger correction around 15960 or so before moving to 16000 plus.

In my last post I had mentioned a intermediate correction , which has happened already. The upper target i had given as 16400 I had also mentioned that we are

Nifty showing strength and should move higher on subdivided wave 3. Have given a invalidation level of 15467 on the lower side, breaking of which will mean some more correction/consolidation.

RBI in its very recent post has given out a statement that the stock markets are beginning to form a bubble. What this means is that the markets are overpriced