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Nifty can retest 17169 before hitting the 18000 levels

nse nifty stocks tips & chart

nse nifty stocks tips & chart

Intraday & Short-term outlook of Nifty 50

Nifty has completed motive wave (iii) at 17792.
Wave (iv) is forming and, it can have a common retracement of 38.2%.

The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169

According to the rule of corrective wave, it remains under the channel.
And the impulsive wave can breakout the parallel channel.

If nifty breaks the parallel channel, check out the previous update below.
The long-term outlook of Nifty:

EWT: Will nifty hit 18000 before September end?

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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4 Comments

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