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  • Writer's pictureEkat

Nifty50 Stock Price Analysis for 20th November 2023

Updated: Nov 20, 2023

Nifty is moving in 5 waves up, the internal waves are marked in ORANGE. Between Nifty and Bank Nifty, Nifty seems to be stronger. Bank Nifty has yet to complete its wave 2 of higher degree. This means Bank Nifty is ahead of Nifty in wave counts.

So Nifty50 will follow Bank Nifty eventually, but is 3-4 days behind. What moved Bank Nifty is geo political and national macro economics decision that eventually have a toll on the basket.

Nifty moving in Orange wave counts

Wave 4 was finally made at 38.2% and I had to tweet it too.

This was done very early. I tweeted at 9:10 AM. I thought before you begin your trading you should get some advantage. So that you can do a better trading. Nifty 50 now has probably reached internal wave 2 and aims higher for completion of this 5 waves. Today Dow Jones and other indices should close green. From here, we cam have a swift target reach out by Monday or Tuesday. We have also reached price time squaring and we have very little time left for reversal.

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