NIFTY Elliott Wave Analysis - ABC Correction Targets

Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.

Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.

Targets: 12460 - 12000 and below

Note: Selling pressure will come after a breakout of the support trendline. Don't sell above DR.