Wrap up:-
Nifty has completed wave 4 at 23862 and wave 5 is in progress.
In wave 5, Nifty is forming a wxy pattern instead of impulse. In which wave w has been completed at 22634, wave x is in progress and is expected to be completed in the range 23187-23261
What Iām Watching forš
Now, upside immediate resistance lies in the zone 23187-23261 at which wave x is expected to be completed and thereafter, wave y will progress for a probable/final target of 22420.
Disclaimer: Sharing my personal market view ā only for educational purpose not financial advice.
“Don’t predict the market. Decode them.”