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Nifty_wave4

Nifty looks to be moving down in Wave 4 (Elliott Wave Analysis)The move up after the Triangle seems to have completed nicely as an Impulsive structure and hence it seems that the current leg down is for Wave .iv which can take Nifty to 11075 to 11010 levels. Shorts can be held with SL above 11176 which is the current swing high.
NSE:NIFTYShort
by NeeravYadav
33

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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