Is nifty near a top? Time to be cautious

We are in the 5th wave of the move which started on on 1st Nov 2023.

As per Elliot wave we will get a correction after the 5 waves are over.

Expected reversal zone- 22,200 to 22,400.

This is a short term view. I expect this view to play out by 20th of this month. We can expect a correction to start after that.

I will share the medium term view in the coming days and try to predict the price target for the correction.