AssetOrbit

NIFTY 50 / 5 MIN   Last Update 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.

  NIFTY 50 / 5 MIN Last Update 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.

 Taking a closer look at the Nifty 50 chart, we see a striking pattern: a three-wave rising trend after a recent market fall. Such a pattern often indicates that the market is entering an impulsive wave , which might lead to a decline. With this wave count holding, a further negative move might be possible if the market breaks its prior lows. Essentially, this indicates the previous upward correction has ended and that a fresh downward impulse move is possible. NIFTY 50 / 5 MIN On the downside, Nifty has relatively weak support around 23,950. If prices break through this level, the next two support levels to monitor are 23,800 and 23,700 . As usual, the market has the potential to surprise. If the Nifty initiates a strong bullish trend tomorrow, the whole wave count becomes invalid. Last Update 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. ...

The recent three-wave advance of the Nifty 50 raises the prospect of an ABC correction pattern , which could lead to a slight decline in the market from this point . Important levels of support on the downside are 24,180 and 24,000. NIFTY 50 / 5 MIN However, if the market breaks below the previous low and continues to fall, it may spark another impulsive move to the negative. In order to predict how the market will move tomorrow, traders need to keep a careful eye on these support levels. Last Update 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 financi...

 After a small retracement, the Nifty 50 may see an aggressive upward movement . Levels 24,090 and 24,040 will serve as important downside supports throughout this corrective period . The wave count suggests that prices may rise in three distinct waves after testing support at these lower levels. NIFTY 50 / 5 MIN If an impulsive rally begins on the upside , the Nifty might see a big upward trend. In this case, the levels of 24,430 and 24,670 serve as the main points of resistance. However, if the price begins to trend lower, this wave count will become invalid, indicating a change in market direction. Last Update 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 f...

 Right now, the Nifty 50 could be experiencing a sharp upswing . Another negative move can follow after this correction ends if the wave count is right and the corrective phase is still ongoing. NIFTY 50 / 5 MIN If the Nifty 50 rapidly begins to rise, you should primarily monitor the levels of resistance around 24,480 and 24,600 . If the market does not follow this wave count and falls below the current low, it may signify the beginning of a downward impulse , which might lead to the downturn continuing. Last Update 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 ...