Nifty looks like 3rd Wave just ended & going in Wave 4 which can last for 2 to 3 days. resistance is near 16600 & can take support at 16275 around. Also ichimoku cloud support is nearby 16300 levels From there 5th Wave can start. Also Fed outcome is nearby
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projection went smooth. wave 4 was short so target was 17410 which is achieved