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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 14th December 2023

Nifty50 moved in the direction what we had mentioned in previous blog, that you can view here. Market expiry + FOMC, what will Nifty50 do?

In my experience, Nifty50 in wave 4 always forms ABC pattern of some degree. Is that formed completely? I doubt that.

Having said that, 1H Heikianshi candle was green so looking for upward moves, however based on wave formation ABC pattern still looked incomplete.

Nifty50 last leg up

If ABC pattern unfolds in the morning, then I will wait for buy again once wave 4 low is taken, however this still looks good for buy for bigger waves. If this happens, it is a big opportunity for smart traders like you!

For more insights on this, follow my live market tweets on X. You can check ythe link below in the footer.

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