Nifty – With yesterday’s price action the wave count changed as shown above BUT the downward target of 19150 holds good. Also, the premise that the current fall from the top marked III is wave IV has taken more weight.
So in case the markets follow the above route down, at around 19150, we can expect a strong upward BULLISH momentum which AT THE LEAST will carry nifty up by atleast 3-400 points
NIFTY Opening On 24th Aug 2023