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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 1st January 2024

Nifty50 reaching wave 3 top? What is in store for the new year 2024?

Nifty50 gave a massive rally for the year end 2023. Many times we were looking for multiple pull backs however the Heikinashi Trading method worked for us many times.

Simple rules work with added stop loss.

Nifty50

Looking at Nifty forming a minor top for wave 4 internal down. This could open up targets above monthly FBO level which will end this area around 22334 levels.

More on this in next week.


Happy New Year!



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