Nifty to go down to 5660

Nifty's today's low was 5748 .... close to 5737 as predicted in my earlier blog post.
Today's Nifty close is 5761. It confirmed the following Elliott wave count.


 Right click on chart and click on view image for magnification
Nifty daily chart 

The current downward leg is the 3rd wave of either wave 3 or C. The target for this is 5660 as shown below.


Right click on chart and click on view image for magnification
Nifty daily chart 

Also there is a Head and shoulders breach which gives the target of 5600.

 
Right click on chart and click on view image for magnification
Nifty daily chart
 
Disclaimer: The views given in this blog are for educational purposes only. Readers should exercise personal discretion and take expert advice before taking any action in the stock market.The author of this blog is not responsible for any losses which anyone might incur in the stock market by acting on these views.