As per NIFTY ELLIOTT WAVE COUNT Theory #NIFTY can go up to 16200 to 16390 level and as per #elliott wave count we can short near 16200 to 16390 zone for the #target of 14500 to 14300 level down side.
Happy trading.
Elliott Wave Labelling Cycles :
Grand Super Cycle : ((I)) (((II)) ((III))((IV))((V)) ((a)) ((b))((c)) ((w)) ((x)) ((y))
Super Cycle : (I) (II) (III) (IV) (V) (a) (b) (c) (w) (x) (y)