It has to break this range upwards, this week for a positive move. If it fails to break then there could be a danger of falling deeper. This consolidation will bring up all the averages and it could provide a strong push for Nifty to break upwards. Being a settlement week, there could be more volatility ahead.
Nifty Elliott wave analysis hourly chart:
Nifty Elliott wave analysis 5 min chart:
Nifty pivot table:
Nifty Elliott wave analysis hourly chart:
Nifty Elliott wave analysis 5 min chart:
Nifty pivot table:
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