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NSE NIFTY: Elliott Wave Outlook | 23 Dec 2025

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Figure 1. NSE NIFTY – Elliott Wave Projection

Finally, we reached 26,200. But we both know that this level can change perspectives for sure.

A rejection from the 26,200 level may lead to a harmonic formation on the 15-minute timeframe, which can take the price down to 25,950 or even lower.

This level is so crucial that a strong breakout can advocate a new high with a clear stamp and signature, unless any adverse situation arises. The target for breakout setups is 26,300 – 26,500+.

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