update on my ew analysis...

no wave counts changed till now.

as mentioned earlier, the V-3-iii is in full speed which may terminate near 5095. likewise V-3-iii on sensex might terminate near 17332. at present iam sticking to this assumption.

after iii is reached we can have a correction which may last upto 4678.

then a rise from there, which after crossing top of iii, might target 5461 (broader V target) or 5771 (V-3-v) target. This is the final target of the nifty for the multi-year bull run.

likewise sensex may correct from 17332 to 15975. then a rise from there which after crossing top of iii, might target 19528. This is the final target of the sensex for the multi-year bull run.

this completion can happen by this year end (2007), at the earliest, or upto april 2008.

the completion will be followed by a big correction upto minimum 4366.70 or 4558 or maximum 3726 or 3918 depending upon final target of V and whether that correction will be of wave V only starting at 2595.65 or the complete super cycle I-II-III-IV-V starting at 920.

there will a fresh bull run to begin after that.