Nifty View 25/03/25

Hello Everyone,

Just wanted to update on what's happening in Nifty50. Couldn't get time to put together a bit early( other works) . Anyway.....lets start. This is just my idea, views can and will differ.

As per our previous view, market bounced somewhere from ~21970 levels but its getting unfolded as an impulse wave...so the party is over for downside and sub wave A in ABC corrective wave is over. one wave is done ( corrective wave against the major trend which started from March 2020)

We are currently in wave B. Some people might be wondering how this sub wave B will unfold and some might even be thinking that downside is over as we are seeing an impulse wave and may hit ATH soon blah blah blah...

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First thing first always sharing knowledge.

Motive waves

Impulse or diagonal wave or Impulse with extensions
- Impulse is a 1-2-3-4-5 pattern where sub wave 3 is bigger.
- Diagonal is a 1-2-3-4-5 pattern where sub wave 1 ( wave 1 > wave 3 > wave 5 ) or
sub wave 5 ( wave 1 < wave 3 < wave 5 ) is bigger. Further classified into leading diagonal
and ending diagonal. Check online for more info or my previous post. saving my writing time.
- Extension is a 1-2-3-4-5 pattern similar to impulse but we will see one more (1-2-3-4-5)
inside wave 1 or wave 3 or wave 5.


Corrective waves

We have Zigzag (5-3-5) , Flat ( 3-3-5) , Triangle ( 3-3-3-3-3) , double 2 and double 3 as the corrective wave structures. Any where you see, these are the ones that unfold .


Lets see what market has done till now

Down move (Completed) (27th Sep 2024 - 4th March 2025)

Since its against the trend ( which started from covid time) market has to unfold in ABC pattern which is nothing but correction. This is over, we saw a "Contracting leading diagonal" . Leading diagonals always form in wave A of ABC



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Up move ( Current)

3) Wave B can be any corrective structure. ( any of the above i mentioned)
Currently we are again seeing an impulse wave, which confirms that we are again going to see
a zigzag pattern (5-3-5) . [ shown on chart] . ( 1-2-3-4-5 / a-b-c/ 1-2-3-4-5) . More up move is
pending.
Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A

------------------------ We are in sub wave A (1-2-3-4-5) of wave B .............................

Down move (Next)

4) During the next down move after completing wave B , market can go to complete wave C or trap people by forming a double 2 or double 3 patterns and then start the final down move and complete wave C ( it will be fast)

double 2 - zigzag + flat / triangle
double 3 - flat + zigzag + triangle ....these generally form in any order. Not saying market will form , just sharing theory.

Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.

I think too much already...lets see how the markets trend...................

Tips
1) Always count Elliot waves in 1 H timeframe or more. Lower time frame will make you mad .

2) 3rd wave always gets confirmed with a break away gap ( 18th march 25) and followed by run away gaps ( following days) . The more the gaps the more strength the more bigger , this is how you identify an impulse wave

3rd wave in a diagonal wave doesn't have run away gaps , only break away gaps ( 19th Dec 24) and (13th Jan 25) . This is the reason why the 3rd wave is not the biggest in a diagonal wave and how it gets a "wedge" kind of shape.

Don't follow the levels on chart, its only for representation.

Happy Trading
Cheers!!!!!!!!!!!!!!!!