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NSE NIFTY: Elliott Wave Outlook | 17 Dec 2025

Free nse nifty calls
Free nse nifty calls
Figure 1. NSE NIFTY Wave projection

As we mentioned, rejection from the parallel channel will lead the price towards the crucial demand zones. Now, the price has rejected the offer from bulls by breaking down the first demand zone. At the final demand zone, this is the last opportunity for bulls to regain their strength.

For safe traders, the bullish scenario remains valid only after the breakout of the parallel channel.

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