Nifty is taking support at the previous support levels, However there is divergence in RSI which means Market is showing clear weakness. Technically market is showing to fall. Psychologically, when there is clear sign of weakness on chart, 50% of the times, market tend to bounce back. Next support levels are 17550 to 17450. if market sustains below these...
Nifty shows bullish trend as per Elliot wave analysis and may head to break 15000 mark by the end of this month.
Nifty shows bullish trend as per Elliot wave analysis and may head to break 15000 mark by the end of this month.
Based on Elliot wave Nifty has been analysed to be bullish for next week.
Elliot wave analysis for Nifty 50. Can see channel correction in wave 3. Educational purpose only