Nifty 50 Forecast with NEoWave(Update)

While many analysts thought that the NIFTY50 correction was over, the index is still moving towards the specified targets. The reason I did not update the index was that we had not yet received confirmations of the end of the correction.

It seems that the minimum target for the NIFTY50 index is the same number as I mentioned earlier and after reaching the target, we will check whether the correction is over or will continue to decline.

The pattern is still diametric and we only changed the position of the labels (c)-(d)-(e). If 23879 is broken strongly, we can say that the NIFTY50 correction is over.

Previous analysis