update on my ew analysis...

total time estimated initially for flat corrective wave V4 completion was 16 days.
B had retraced exactly 95% of wave A.
C wave probable tgt was 5321 and today it came near it correction maybe mostly complete, the correction if it is still pending, then the next probable max tgts on downside would be 5263/5147/5117.

this is according to ew theory.

latest update on my ew analysis...

earlier i had assumed wave 4 of V as a flat corrective and everything going as per my prediction so far hence haven't changed the wave counts.

currently the larger C of 4th downwave is proceeding. wave A and wave B both were zigzags and C could be an impulsive structure or an ending diagonal and as such would be diffult to trade and picture will be clearer as it progresses hence general trend is to be followed. the C could terminate closer to previous low of A.

i estimate the time for completion of this correction in coming 3-8 days.

my ew analysis chart...

none of the counts/magnitudes being changed since last time, posting just the updated chart.

sensex and nifty yearly charts...

sensex and nifty yearly(all spot prices) charts with projections of future lvls.

nifty range 5600-6000 and 5800 should be cl sl for spot nifty.

today and in coming days also it may not be possible to cross and close above 6000.

stock to watch in coming days ifci.tgt 127 cl sl 75, petronet above 117 tgt 132/147 sl 108 all cl basis.

other stocks are grasim, drreddy and lichsgfin.