We are posting Lattest Elliott wave view on nifty. The current on going pattern is a flat correction on weekly chart. Nifty has completed its double standard of correction and fall from 6445 is further next wave. We will have to watch that price is either X wave or not. If it is X wave of third standard , than price should move up again from 6000-5970 for expected target 6609. If this is not X wave and If flat correction terminate in double than it may fall dipper up to 5700 level but currently I think its chances are very low. There are high chances that price will bounce back sharply up to 6600 level from 6000-5970 zone.
So get ready for a fall upto 6000-5970 level first and after that a jump upto 6600 level.
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