Elliott Wave Targets for Nifty : 9840 ??

Nifty completed  sub wave  5-3-4 with a triangle (a-b-c-d-e)  to start   wave 5-3-5. Typical of wave 4, the price pierced the trend line momentarily and reversed to start the new wave.

The major wave 5 is likely to have an extended wave count of 1-2-1-2-3-4-5-4-5.

Based on the principal of wave equality the present wave 5-3-5 is likely to have a target of 9110 ( wave 1= wave 5).

With  wave 5-3 being completed at 9110 it is now possible to derive the overall target of major wave 5 which could touch 9840.