Nifty on decline. Following wave pattern
Nifty is in 5th wave (drawn in orange).
Nifty completed all 4 waves fully and have taken the last wave which should move it to 15500-15800 level.
Nifty should reach this level somewhere in between May 09 and June 06 2022.
Inside wave of this 5th wave is drawn in blue. As per that the current upmove of Nifty should take it to 17400-17460 and then the decline should continue.
Disclaimer: This is just my view on Nifty. I'm not a registered advisor on market analysis. The idea is published only to spread my views on Nifty and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments.
