NIFTY Opening On 25th August

Nifty – The correction within the Cycle Wave IV is ongoing. The down target of 19000-19150 is very much valid and is a possibility.
Within this ongoing correction, we should be looking at a reasonably big pullback along the way at around 19300 or so.
After the ABC correction is completed at around 19000-19150, expect a massive PULLBACK or a resumption of the bull market in cycle wave V.
NIFTY – CYCLE WAVE V BULL RUN (WHY ONE NEEDS TO BE CAREFUL)
Elliot Wave theory summarised that of all the waves, wave “v” is the most influenced by external factors, market sentiment shifts, or unforeseen events.
By cycle wave V meant the final wave 5 , when the large waves are counted from the beginning of time.(or literally from zero)
Wave 5, by its very characteristic, can end abruptly or can extend. Therefore relying solely on the assumption that the cycle wave V, will play out exactly can leave you vulnerable to sudden reversals.
WHAT ABOVE MEANS
We are nearing the end of correction PROBABLY AT 19000-19150 or so. The bullish CYCLE WAVE V is then expected to commence upwards. However as the wave 5, by its very nature, is most affected by outside events (hanging bridge), one needs to be careful within the upward bullish journey.