Nifty Analysis

Nifty Elliott wave analysis for 1st Dec onward

Nifty Elliott wave analysis for 1st Dec onward

In hourly chart it seems wave (c or iii) is still running from 11535 and from 11535 wave (i), (ii) and (iii) is completed at 11921, 11756 and 13146 respectively and wave (iv) is completed at 12790 or still running and wave (v) is still pending.
So overall nifty is positive as long as trading above 12530.
projection of wave (v) is coming at 13405-13785 range from 12790.

In 30min chart it seems wave (c or iii) started from 11535 is in its last stage of completion with pattern of Ending diagonal .
12817-12615 is an immediate support range.
13159-13217 is an immediate resistance range.
And if trades above 13217 then only we should think of projection given in 1hour chart.

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