I have uploaded the Nifty Elliott wave study, and it has reached the first target of 18164.
The trader can trade pullbacks on the nifty. As per the rule of the channel, Parallel channel B can provide support to the price. After the pullback, If the price is not giving any reversal signal, it's better to stay beside the market.
If the price tries to fill yesterday's gap, then bull traders can take a new entry.
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Unfortunately, gap up. Target achieved without entry.
Trade closed: target reached
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Nifty has achieved the second target of 18241. Click here to check: