Nifty targets based on Elliott wave count

1) Long term target for the Nifty based on Elliot wave count and Fibonacci predictions

We are now part of the 3rd wave which started in October 2008. Targets are 13,000 for this wave and 20,000 for the 5th wave over the next 5-10 years



2) Short term target for the Nifty based on Elliot wave count and Fibonacci predictions



We are now part of the 5th wave in the smaller timeframe. The target for this move is in the 5400-5600 region



Please note - these are projections. However the market is a strange creature and does what it wants. It is prudent to trade with stop losses with the intention to protect capital.