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Nifty analysis for 22/04/2024

As per my Elliott Wave Analysis, downward correction wave 4 of 3 of 1 of 5 is going on and I count the latest low of 21777 as the end of A of 4 of 3 of 1 of 5. B of 4 of 3 of 1 of 5 is an upward correction wave that will take Nifty up. Our #share #analysis #software says the short-term buy turning price is 22519. So that can act as resistance. After completing wave B, downward correction of wave C of 4 of 3 of 1 of 5 will take nifty down. But if 21777 is the end of 4 of 3 of 1 of 5, then the next impulse wave 5 of 3 of 1 of 5 will start, and nifty will go to much higher levels. We have to wait for confirmation in 2-3 days. Till that stay connected and contact us if you have any doubts about this prediction.

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Nitin Shripad Joshi

Vedant Margdarshak



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