Elliott wave analysis for #NIFTY Cash 16 June 2017

Elliott Wave Analysis for # NIFTY Cash:9588

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

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

Now I discuss here my further observation about NIFTY with help of ELLIOTT WAVE ANALYSIS….

Both charts shows that Nifty moves in….

UP in 3^rd Cycle wave

Up in 3^rd primary wave

Consolidation  phase in 2^nd intermediate wave running…

Still moving Up in minor wave-b(in IRREGULAR FLAT correction) of intermediate wave 2^nd.

Minor wave-b is running in a very complex wave –double combination Diametric –X-Diametric is running..inside minor wave-b, minute wave-f of 2nd Diametric is running ..last minute wave-g of Diametric is still to come..which might lead Nifty to @ 9800 -9900 level.

Hourly chart (Not attach here)indicates that Anything close above 9620..will confirm minute wave-f  likely to be complete.. and minute wave-g will start.

Conclusion : Short term ….Nifty might seen @ 9800-9900

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