Target 25 K Nifty Achieved. Book Profits

 On May 15th 2024, when Nifty was around 22K, I had given a target of 25k. The target is achieved and now one can book profits.

I expect some kind of correction before the next leg up.

On Target for Nifty 25k

 Just a quick update on the January post. We are on track for Nifty 25k by H1.

1. If anyone wants to buy any stocks, now is a good time.

2. For the rest of the year I am very bullish on commodities especially precious metals.

Everything will go up for sometime followed by a big correction.

As Day follows Night and vice versa correction will follow the bull run. For now enjoy the ride!!!

Elliot counts revisited

 Revisiting the Elliot counts,

1st wave 16828–20222 3394 points

2nd  wave 20222 18838; 

3rd wave unfolding

3.1 18838 22124       3283 points   

3.2  23124 - 20875 or 20481

3.3 ???

3rd wave target can be 23k to 26k 

Then 4th wave to follow and 5th truncated if 3rd wave is extended.

So target for Nifty 26 to 28k in H1.

Strategy book profits from 25k onwards