Nifty Elliot wave and Death Zone

As per previous Report short term resistance of 8220/8300 Nifty made high of 8275 on 9th Dec but unable to cross 2nd resistance 8300.

On 27th Nov analysis said as 8220 is perfect equilibrium drive Nifty either side. 

As said  level 8000, which is long term support so nifty goes below but suddenly bounce back.

As per previous report 7830-7870 is Death Zone.

Is Nifty Death Zone will work as PRZ(Potential Reversal Zone) from Bearish to Bullish let us wait and watch....?

Here i am presenting two alternative Elliot wave count which may help you and the PRZ perception.

Either of wave count may be wrong,wave count from 21st Nov low 7916 till now.
Either wave count in different color.

Note-This above is my personal view for Educational Purpose Only.Read Disclaimer at top right.

Trend Poised to Trend Dilemma Range Play

As Trend Poised to trend Dilemma continued in case of Nifty.

As per previous post 8220/8300 was resistance,nifty achieved 8220 as high made 8250 but unable to cross 8300.

Now play the range for Nifty as below....

short term support-8030/8050
short term Resistance-8220/8300

Death Zone-7830/7870

Medium Term support-7700/7500(See this level only when 7916/7870 breached)
Medium term Resistance-8420/8530

Long term support-8000
Long term Resistance-8500

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.