NIFTY ELLIOTT WAVE SHORT TERM UPDATE

HELLO FIRENDS,

Bottom line : Primary count has been strengthened with the open gap up to 17,539 levels. Alternate count is now less probable, but still on the table (not shown in this post).

In the very short term, price is likely to decline to 17,050 ~ 17,250.

Primary count : Price remains in wave c up of a bearish triangle on the daily chart to 17,700 ~ 17,800.

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