Trade Setup – NSE NIFTY & DREDGECORP

Figure 1. NSE NIFTY Elliott Wave Projection

NSE NIFTY – Elliott Wave Outlook For 9 December 2025

NSE Nifty is trading right above a well-defined Crucial Demand Zone, which has previously acted as a turning point for the market. This cluster includes the wave 2 low, wave 4 low, and wave (a) low, all of which strengthen the probability of buyers stepping in again. Structurally, this zone has repeatedly triggered upward reversals, so any sustained hold above it can easily push the index back into an impulsive move on the upside.

However, the same zone also becomes a line of defence. A clean breakdown below it would flip the structure bearish and open the path toward 25740, which aligns with both the potential Head-and-Shoulders neckline and the expected completion of wave C. In that scenario, more downside pressure could unfold before the next meaningful support emerges.

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DREDGECORP – Breakout Turns Bullish Above 950

The price moved above a strong resistance with a clear breakout candle and heavy volume. This shows buyers are fully in control. If the price stays above this zone, the trend remains strong and bullish. EMAs are trending upward, showing strong momentum, and RSI is climbing above the mid-zone, indicating steady bullish strength.

If the price sustains above 950, Traders can long for the following targets: 1032 – 1105 – 1185+.

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