Wrap up:-
As mentioned earlier in previous post, we are in wave y of x of 4 of major wave 3.
In wave y, a lower degree impulse is forming in which wave 1 is completed at 22782, wave 2 at 22719, wave 3 at 24025, wave 4 at 23555 and wave 5 is in progress which is expected to be completed in the range 24772-25116 (which is fresh next resistance level).
What I’m Watching for the week 20 April to 24 April, 2026🔍
As, fresh upside immediate resistance which lies in the zone 24772-25116 and in wave y, a lower degree impulse is also forming of which wave a is in progress which is expected to be completed in the range 24772-25116.
Thereafter, if support which is placed at 38.2% is broken, then Nifty will head towards for a probable target of 23171-22959.
Disclaimer: Sharing my personal market view — only for educational purpose not financial advice.
“Don’t predict the market. Decode them.”