We're in impulse wave 1 of which (IV) is playing now! RSI is cooling off while LT making complex correction in (IV) by making ABCDE! Keep tracking LT
Open to discuss my view if you're confused at Elliott Wave! Nifty MIGHT get in ZIGZIAG ABC correction to reach 22720-22660
As DXY goes higher, higher will be Inflation Risk! This MIGHT push DJI and NASDAQ down! Creating pressure in Indian Index for a day or 2
Correction is complete! Pharma will shall me on focus! Pharma will lead Nifty in coming days!
Consolidating in (IV) of 3! 2500 will be seen here within few days!
Nifty wave analysis for intraday, while we made wave A yesterday which hauled near 61.8% today a gentle bounce till 50% of wave A is expected after which one fall till 22400 zone
4 of 1 of 3 is running flat! where B reached 123.6% and C comes at 100% of ABC. 5 of 1 of 3 is Ending Diagonal! In that diagonal 3rd leg is the biggest as compared to 1st and 5th. Now A stands complete while retracing 4th wave at 61.8% , B and C to play tomorrow!