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Check out Falcon Trader Analysis for Nifty 50 Index for 17th March 2023
Nifty has not completed this 3rd wave down, and this will end around 16848 followed by up move to complete wave 4 in ABC format, therefore next week Monday should go in that, - more on this soon.
Overall trend is down, but a good 200 point opportunity up move for completion of wave 4 is pending, and then wave 5 - all this of internal 3rd wave, then we will have wave 4 and wave 5 pending for major down moves to complete this massive 5th wave of daily chart.
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