Nifty seems to have completed the 2nd wave and is pretty much heading up in 3rd wave for a minimum target of 5390.05. however 5146 is a key resistance and keeping its head high above it is very crucial for the up move. If it fails to sustain and moves down below 5100/5091 [5 Day EMA] it may be at danger.
Nifty Elliott Wave analysis of hourly chart:
Nifty Elliott Wave analysis of 5 min chart:
Nifty Elliott Wave analysis of hourly chart:
Nifty Elliott Wave analysis of 5 min chart:
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