rJ68263746

Nifty50 - Elliott wave analysis

NSE:NIFTY   Nifty 50 Index
NIFTY - It has two probability as either 5th wave extend further in diagonal structure OR it will correct down in ABC structure. So as far as price remains below 12023.90, stay bearish, but if price crosses above that level than price may form diagonal in choppy fashion. Sell with stop loss above 11975 for down cycle C wave for target up to 11750-650 zone with small quantity.

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