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Intellxis

WAVE ANALYSIS NIFTY50

Long
Nifty 50 Index (NSE:NIFTY)  
Intellxis Updated   
NSE:NIFTY   Nifty 50 Index
Neo Wave NIFTY nifty50
4
0
neowave nifty nifty50
Currently Nifty is forming wave-D of a large triangle in up trend. It will take time to finish the wave-D, and it must be different that the wave-B .
Comment:
Flat with strong B wave. Minimum retracement of wave-c is completed.
If it will start sharp fall and goes below 16824 then wave-E of a larger triangle will start with new pattern.
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