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The price is under Wave (iii) and High expected!

Indeks Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Indeks Nifty 50
Trend Analysis Elliott Wave Supply and Demand NIFTY nifty50
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trendanalysis elliottwaves supplyanddemand nifty nifty50
Nifty can climb for the new high and the price is trading under the wave (iii). The 16593 is important to level for the long positional traders.

The closing 16701 above can boost the price new high for you. We can see more upside gaps. Note: I don't expect the price of 16593 below.
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Trade-Technique
The price can be fall in downward by using EW, NIFTY 50.
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