NSE:NIFTY   Nifty 50 Index
As per Elliott Waves Principles guidelines, Nifty 1.59% 1.59% has completed its complex correction where two corrective patterns where formed. First was Flat correction pattern where 3 Waves ( ABC ) subdivdes into 5-3-5 correction (marked as W) and another is simple zig-zag correction where 3 Waves ( ABC ) subdivides 5-3-5 (marked as Y). Both were connected by inverted Zig-zag three waves pattern (marked as X)

This above complex correction completes the corrective phase of the previous wave and now we could see another 5 uptrending Waves.

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