NIFTY

CNX Nifty:

As we are moving in the clear Elliott wave formation, we can realize that we are currently experiencing the formation of the wave 5 which will be the last bullish opportunity as per present situation which can be observed promising the 6600 level with a strong support from the below mentioned inverse head and shoulder pattern formation which supports up to 6700 level confirming the above calculation to the safe side. Also the sluggish bearish movements in the last week and positive improvements in the scrip trends as mentioned here: (http://www.chartscorner.com/nifty-shows-sign-of-recovery-in-the-derivative-segment/) makes it evident that there will be sure bullish trend in the coming half of the month. So bulls hail.