Elliott wave analysis of #NIFTY 17 July 2017

Elliott Wave Analysis for # NIFTY Cash: 9915 

As last I discuss in June 2017, Still Nifty is in a right track to reach 11000-11500…

Please refer https://ellwavetarget.blogspot.in/2016/02/12th-feb-2016.html

As concluded in June 2017...Nifty reached 9900 levels..!

Now I discuss here my further observation about NIFTY with help of ELLIOTT WAVE ANALYSIS….Nothing major changes…minor wave-b now is in IRREGULAR FAILURE or RUNNING Correction and some modification In Diametric patterns…as current minute wave is very strong.

Both charts shows that Nifty moves in….

UP in 3rd Cycle wave

Up in 3rd primary wave

Consolidation phase in 2nd intermediate wave running…

NIFTY still moving Up in minor wave-b (in IRREGULAR FAILURE or RUNNING Correction) of intermediate wave -2nd.

Minor wave-b is running in a very complex wave –double combination Diametric –X- Diametric is running. Inside minor wave-b, minute wave-e of 2nd Diametric is running...

Conclusion: Still #NIFTY moves strongly Short term Up ….Nifty might see @ 10200-10400

As market progress i will updates the analysis...Thank You.