Nifty daily chart Nifty 120 mins chart Analysis In my previous update on Nifty dated 15th January 2023, I had mentioned that, " Nifty has one minor leg on the downside towards 17800-17750 which once completed can soar prices towards 18350-18400 levels over short term." Nifty moved lower towards 17850 levels close to my mentioned level of 17800-17750 and then started moving higher. It made a high of 18188 after that and has come back towards 18000 levels. To read my previous article on Nifty, click on the below mentioned link https://www.marketanalysiswithmeghmody.com/2023/01/nifty-elliott-wave-analysis.html From the daily chart, Nifty came down towards 17800-17750 levels where it ended its minor leg on the downside and then started moving higher. For RSI there is plenty of vacuum to come to overbought terrain which indicates that the bias for the index is positive going ahead. As per 120 mins chart, the index has not only completed the falling wedge pattern but also moved ab