Nifty Price Prediction for 01 Oct 2024

The Nifty chart suggests that a correction may be approaching after a recent impulsive move. According to Elliott Wave Theory, a corrective wave, particularly Wave 4, may occur over a small time frame if the most current impulse has finished. We predict a primary resistance at 25,890 and a second one at 25,950.

NIFTY 50 / 5MIN


Another bearish impulse, suggesting more downward movement, may arise after this corrective period. This study provides valuable insights into the possible movement of the Nifty price in the next sessions.

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Disclaimer

This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.

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