Elliott Wave View favoring more upside in NIFTY

NIFTY is showing an incomplete sequence to the upside in the short term, favoring more upside while above 11/26 low (10487.1). Near term, cycle from 10/26 low (10004) remains in progress as a zigzag Elliott Wave structure. Intermediate Wave (A) ended at 10774.7 as 5 waves impulse Elliott Wave structure and Intermediate wave (B) ended at 10487.13 low.

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Nifty Elliott Wave View Showing Perfect 5 Waves Advance

NIFTY is trading in the powerful super cycle degree wave ((III) and should have further upside in the next few years. The rally started at 2009 low and