Indice Nifty 50

Nifty Elliott wave analysis on daily chart for 4jan 2021 onward

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In this daily chart it seems wave (1), (2), (3) and (4) is completed and wave (5) is in progress from 10790. 38% and 61% projection of wave (5) is already achieved so its in extended zone.
Maximum level 100% is coming at 15096 which is rare case.

From 10790 wave (i), (ii), (iii) and (iv) is completed and projection of wave (v) is coming at 14272-14977 range and from there we can see bigger decline if we are right at identifying pattern.

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