Hi everyone! In this video, I break down the Nifty 50 daily chart using Elliott Wave logic.
We are hitting a major hurdle at the 100-DMA, but there is a big twist tonight.
In the US market,Accenture (ACN) is down -17%, dragging down Indian ADRs like Infosys (-8%) and Wipro (-6%). Will this global IT shock drag Nifty under our critical 23,862.25 support level tomorrow, or will other sectors hold the line? Let'ss look at the key levels to watch.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully.
We are hitting a major hurdle at the 100-DMA, but there is a big twist tonight.
In the US market,Accenture (ACN) is down -17%, dragging down Indian ADRs like Infosys (-8%) and Wipro (-6%). Will this global IT shock drag Nifty under our critical 23,862.25 support level tomorrow, or will other sectors hold the line? Let'ss look at the key levels to watch.
Disclaimer: This post is for educational purposes only and is not financial advice. I am not a SEBI-registered analyst. Please do your own research and manage your risk carefully.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.