Nifty 50

16 May 2022

Waves are as marked on chart. Wave (b) of B is in progress and it appears that Wave B in itself is a flat correction. Hence expecting Nifty to form a temporary bottom either on 17 Jun or max by 18 Jun around the support zone marked in Green on chart. Thereafter, wave (c) of B should commence with min target as marked on chart in Red.

Note - Views have been expressed purely from an educational point and are not meant to taken as an advice for trading. Please consult a financial expert before trading