Expected movement in Nifty in coming months

15 thg 7, 2023

Nifty has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level. Therefore, I am expecting a sharp fall in coming months (July to December) for completion of Sub-wave C which is of Major Wave 4.