TradeMagic005

NIFTY ELLIOTT WAVE ANALYSIS

Long
TradeMagic005 Updated   
NSE:NIFTY   Nifty 50 Index
The NIFTY Index which has been trending in impulsive move for couple of weeks, which trend is about to terminate now.As it has been forming the Ending Diagonal structure in which wave 4 is in progress now nad the wave 5 targets are 18170 and 18275.After that Nifty should give big bearish move to down a correction of previous trend.
Comment:
Trading In progress.....trade the lower degree continuation pattern to downside.

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