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dhinesh_kumar
May 25, 2021 1:43 PM

Elliott wave analysis # sideway with big trading range 

Nifty 50 IndexNSE

Description

After wave (y) completed, wave (x) is in progress. There is possibility for 200 pts fall tomorrow and then again 200-300 pts upmove.

Banknifty update:

Comment

Completing up-move here Wave X. Next expecting fall towards 15100 level (Wave Y).

Comment

Invalidate level: today's high 15313.5
Comments
AJAY764
Your analysis is good but i think fall wont happen unless new high is made or flushed once its done...we can see a great down move of minimum 600 pints in two parts.
nvengadesan
India VIX rised by more than 10%...is there any siginificant fall within this week??
dhinesh_kumar
@nvengadesan, I expected today itself, but as Market is Supreme it behaved differently. Tomorrow once both nifty and banknifty breaks today high (I expect in open itself), it may fall as suggested in the analysis.
deeptigulati1983
@dhinesh_kumar, sir hopefully with today's high last wave is completed and tomorrow we can see some good trade with our patterns
Parasuram
200 point down move and up move same day?
dhinesh_kumar
@Parasuram, I didn't mean on same day. I expect fall may happen today itself. The upmove may take 1-2 days
Goutam5196
nifty most likely to open in marked zone
ABHI64
please make analysis on Nifty Metal
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