Nifty Price Prediction for 30 Oct 2024

As we anticipated, we could be witnessing the emergence of an impulse wave, possibly in its sub-wave 3 phase. If the wave counts are correct, the market may see a sharp upswing in just one, concentrated surge.

NIFTY 50 / 5 MIN

For the Nifty 50, the major resistance level is 24,800, with an extra resistance level at 24,550. If the price breaks out over the 100% Fibonacci level, it may continue to rise until it reaches the 161% extension. At 24,430 and 24,400, you may find important support levels on the downside. On the other hand, this wave count would become invalid if prices started to trend downward, signaling a change in the market's direction.


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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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