The Long Term Picture: Nifty, Dow Jones, FTSE

We I was missing for a long time, my previous went off the window. But, Reliance totally rocked, in fact, only reliance is falling while, nifty is rising. Although can reach 5500, on a long term,  I am looking at this as a rather formidable wave B top.

Wave Counts of Nifty:
Preferred:

 Alternate:

 World Indices:
Dow Jones: Looks particularly weak and is ready for wave 3 down.

 FTSE: Copy cat of Dow Jones

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students