**NIFTY's Elliott Wave Perspective for Today**

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Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

Don't buy without any confirmation.

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