Just Trying out a simple Elliot Wave count. Which shows a possible Fifth Wave Extension pattern in nifty
followed by the retracement towards downwards, much like the 5-3 Elliot wave pattern seen on Nifty hourly charts.
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Dear Raj sorry for commenting on your writings, but as far as extentions are concerned they are not formed in corrective waves they are formed only in impulse waves. you can visit my blog http://www.mahis9.blogspto.com for the update on elliotte waves of nifty. i am just learing