In continuation with study. although I think 10050 was a very good support and D wave of 5th wave should have concluded. But it has broken the support. Next support is 9700. Although in my chart I have kept end of D around 9500 based on Fibonacci retracement of 0.5 of wave B to C. So if we do not see any rebound now, (due to all trade war and fed hawkish stance)...
Applying Elliot wave principle to Nifty gives us top at wave 5 at c. 12,800. from there we can see retracement till 61.8%. At the moment I think its still in uptrend and could see start wave E shortly.
Kind regards,
Priyesh Khunteta
