Nifty's Short-term Analysis as per EWP

٢٥ أكتوبر ٢٠٢٢

Nifty is like to go up to 17891(138.2% of 681from the end of the 2nd wave of 16950) on a short-term basis as also supported by the 20 MA of 1 hr chart. If 20 MA breaks and the price goes lower, we may see it lower to 17600(a 23.6% correction of 3rd wave (if it is the 3rd wave) from the recent high of 17808

If Nifty makes an ABC correction, it will go further down that I will check what nifty will do next.