The price is under Wave (iii) and High expected!

Kinnari_Prajapati Updated   
NSE:NIFTY   Nifty 50 Index
Nifty can climb for the new high and the price is trading under the wave (iii). The 16593 is important to level for the long positional traders.

The closing 16701 above can boost the price new high for you. We can see more upside gaps. Note: I don't expect the price of 16593 below.
Comment: I hope, you enjoyed analysis
Trade closed: target reached: Trade achieved target.