Nifty is now on a 5th wave bull run target for which is around 16400-16800. However we may have an intermediate correction today.
Unlike Dowjones, nasdaq is not showing any signs of topping up. I have given the invalidation of the above count at 12400, which is way below the present price. Above
We have been talking about K shape recovery(Markets going up contrary to the fundamentals of the markets) Now the elliot wave count is shifting to extended waves. Extended waves just
Dated 28th jan 2021
Above is a simple 50 day moving average. One can see how the markets react on touching this and then moving higher. Along with a 1 minute elliot wave analysis