Analysis is from december21st,23,when the up move
was started.In the same month it made all time high.
of course yesteday nifty has surpassed that.After
that nifty had undergone retracement for 4 th wave
which was time consuming and it terminated at w=y.
next up move started from wedness day 10 th january
and it has a spectacular run of more than 450 points.
It is likely to be stiff resistance at 21958-21985,
if crosses then next resistance zone is 22057-22097.
Nifty is likely due for a pull back after the completion of this wave.Of course if this wave is extended may surpass these levels.Pleas go through my
other posts in trading view.
Do follow me to get updates.Like this post if it helps you.May update weekly chart to have an idea for
long term.Please disregard the numbers before 21 dec as they are not parts of this shorterm updates.