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NIFTY 25900 Wave 4 top? Key zones to watch for tomorrow | Elliott Wave analysis [Video]

Nifty is testing a potential Wave 4 resistance cluster around 25,900, where Elliott Wave structure allows for a possible downside continuation towards 25,200–25,350.

🔗 Source

💡 DMK Insight

Nifty’s struggle at the 25,900 mark is crucial for traders right now. Testing this Wave 4 resistance could signal a bearish continuation if it fails to break through. The Elliott Wave theory suggests that a drop towards the 25,200–25,350 range is possible, which could trigger stop-loss orders and further selling pressure. Traders should keep an eye on volume and momentum indicators to gauge the strength of this resistance. If Nifty breaks above 25,900, it could invalidate the bearish outlook and lead to a rally, but for now, the downside risk seems more pronounced. It’s worth noting that if this level holds, it might also affect correlated markets, particularly in the broader Indian equity space, as sentiment shifts. Watch for any news or economic data releases that could impact market psychology, especially around this resistance level.

📮 Takeaway

Monitor Nifty closely at 25,900; a rejection could lead to a drop towards 25,200–25,350, impacting overall market sentiment.

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