Nifty close above 7100, Elliot wave analysis

• FII's bought  42023  contract of Index Futures worth 1500 cores (50.3 K  longs were added and 8.2 K shorts were added in Index Future) with net OI increasing by 58.5 K contracts.FII's were big buyers today once exit polls were out yesterday.

Nifty continued its run and very comfortably closed above 7100, How far this run can go Is 8000 on cards , Will we see a panic decline, Will be again go back to 6700 odd levels are the question asked by traders to me. My answer I have shared my analysis using Elliot wave showing target of 7229, As per Harmonic pattern  around

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