Nifty50 day end analysis 2023.05.31

NIFTY is currently into subwave 4 (orange color) of larger wave 5 (blue color) of larger wave 3 (gray color). The subwave 4 (orange color) is most probably complete and we should witness subwave 5 (orange color) from hereon.

Level around 18843 (red color horizontal line) should mark the end of larger wave 5 (blue color) and also larger wave 3 (gray color).