Nifty Daily Chart as on 16th March 2025 Nifty Daily Chart 10th April 2025 In my previou s article dated 16th March 2025, I mentioned, " The bias is sell on rallies for Nifty near to 23000 levels and can expect the index to forma bottom near to 21500 levels or near to it." Nifty rallied above 23000 and made a high of 23869 levels and from there it moved lower and marked a low of 21743 levels which was close to my mentioned level of 21500 as mentioned above. If you want to read the previous article click on the below link https://www.marketanalysiswithmeghmody.com/2025/03/nifty-bow-and-tie-diametric-formation.html Now as you can see that wave 4 is over in Nifty in the form of Bow and Tie diametric pattern, prices can now open the possibility of wave 5 which can soar the index towards 27000 followed by 32000 levels. The bias is now positive for Nifty as it can move till 27000 followed by 32000 with support below 19000 levels.
