NIFTY Opening On 29th Dec 2023
Nifty – The ferocity of the recent rise has been unprecedented and raises the eventual targets for the ensuing bull run even higher. Wave extensions are part and parcel of the elliot wave theory and one can only make qualified guesses as to when the extensions will finish.
Right now we MAY have a correction of 2-300 points , and then again resume the upward momentum till anywhere upto the upper boundary of the expanded triangle. The completion of this expanded triangle will mark the presumed wave 1 of the new bull run.