Elliott wave analysis # possible prediction for 11-17 Jun

Projected the possible movement for 11-17 Jun week.

Banknifty

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Комментарий:

Inner waves are pending. Looks like it can go above projected level. I will inform when completing.

Комментарий:

Nifty completed wave iv of 5.

BankNifty forming complex. There is possibility to break day high again.

Invalidate level: day low 34978 and 15780

Комментарий:

Nifty: Wave 5 (green color) completed. Wave 4 is in progress.

Banknifty: Wave X completed.

Комментарий:

Updated wave count

Nifty

BankNifty

Комментарий:

The up-move would continue after small correction. Nifty may reach 16050-100 level and BankNifty 36000-36100. It may take 2-4 days.