Weekly nifty Elliott wave theory its time to ride C wave

2020年7月28日

As i have observed market has been long form the log time after 2008 crisis if we impose the five wave pattern in it as i show in chart Please correct me if my wave count is wrong i just want to discusses weather we have right now a big short or not i feel in before march 2021 market will fall and it been in 2008 Please share your view on it.

Some point which also supporting the fall in the market

• Repo rate of RBI is at all time low 4 % for us its .25 % just above the zero as it was in 2008
  
• NIfty PE ratio is above 28 which also indicate not to go long in current circumstances
  
• Conflict Between world and china
  
• Every one is aware of pandemic condition we have right now
  

This is my first post If i forgot to mention something please forgive me