Nifty: Anticipated Happened and road ahead with Elliott Wave

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 Nifty 60 mins chart anticipated on 9th March 2022


Nifty 60 mins chart happened on 4th April 2022


In my previous update I had mentioned that, " I will continue to be positive for Nifty and it can move higher till 17600-17800 levels over short term."

Nifty closed well above 18000 mark which has achieved my level of 17600-17800 levels - Anticipated Happened

To view my previous article on Nifty, click on the below link

https://www.marketanalysiswithmeghmody.com/2022/03/nifty-neo-wave-neutral-triangle-and.html

Nifty has arrived near cluster of resistance marked by arrows also it is moving precisely in the rising channel which is steeper. This entire up move looks to be corrective but I am also opening  impulse wave as well, only a move above 18160 will open further positive possibilities. However, I still think that it will reverse from current levels and complete wave x.

The summation is Nifty is set to reverse only a move below 17700 is broken which will infuse selling pressure dragging it towards 17000 over short term. However, move above 18160 will continue positivity.

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