Nifty50

An impulse from 17170 to 17777 followed by a corrective pattern which appears to be a triangle till now. Keep an eye on the base of the triangle, as long as the base is intact and respected Nifty might complete the last wave E of the triangle by 6 Aug and should be headed to 18K. Word of caution, overall pattern as drawn appears to be flat/ extended flat correction, in which case be ready for a swift impulse down from 18k to 17170 levels.

Note - Only meant for educational purpose and not a trading advice
Elliott Waveelliotwaveanalysisnifty50Support and Resistance

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