Updated count as of 06-jun-2019 closing:
We are followin the teal background count as our preferred count. Altho no other count is yet in-validated but their probability is reducing, lets not close any of those yet.
A slight change in the internal wave counts for teal background one. Now, the internal structure suggests a move down below 11614. Typical area to watch to (read disclaimer first!!!) go long is: 11685-11575-11465. As the downmove progresses, the numbers will be clearer.
Rationale and levels for doing so are mentioned in the below charts:
Bigger picture:
The 11108-onwards part:
Disclaimer: I am not a certified financial analyst. I have started this thread to track the Elliott Wave Analysis of NIFTY (or any security/instrument discussed by me) for MYSELF. By no means the content in my posts should be taken as any sort of advise to buy or sell anything; anyone doing so is doing at his/her own risk. I AM NOT RESPONSIBLE FOR LOSS IN ANY FORM (INCLUDING - BUT NOT LIMITED TO - FINANCIAL) INCURRED BY ANYONE.