Current Market Price: 25,754 (as on Dec 09, 2025)
🌀 3 Possible Elliott Wave Scenarios
🅰️ Scenario A – Wave 4 completed at today’s low
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Price currently retesting the multi-month trendline support (blue & magenta channel confluence).
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A bounce from 25,730 – 25,820 zone may trigger Wave 5 towards:
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Target 1: 26,401
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Target 2: 26,877
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Target 3: 27,082 – 27,489 major resistance box
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Invalidation: Close below 25,700
🅱️ Scenario B – Wave 4 still unfolding
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Price may make a deeper correction if the support breaks.
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Possible drop into 25,534 – 25,316 zone to complete an extended Wave 4.
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Strong demand expected from that zone.
🅾️ Scenario C – Larger corrective Wave 2 (bigger picture)
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If selling intensifies due to global weakness, larger structure may still be in play.
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Downside cluster support near 25,144 – 24,973.
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RSI oversold and in historical reversal zone—indicating possible climactic bottom formation.
Invalidation of bullish structure: Sustained close below 24,973
📌 Technical Confluence
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RSI deeply oversold on 3H — near reversal territory.
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Channel support + Fib 0.382 – 0.5 support zones aligned.
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Gap zone and demand block present at current level.
🎯 Summary
| View | Support | Bullish Targets |
|---|---|---|
| Wave 4 bottom done | 25,730–25,820 | 26,401 → 26,877 → 27,082–27,489 |
| Extended Wave 4 | 25,534–25,316 | Same above targets |
| Bigger Wave 2 | 25,144–24,973 | Mid-term bullish zone |
📍 My Positioning View
As long as NIFTY holds above 25,700 on closing basis, bullish continuation remains favored.
Watching price action closely near 25,754 – 25,820 for reversal confirmation.
⚠️ Disclaimer
This analysis is for educational and research purposes only.
Not investment or trading advice.
Please consult with your financial advisor and trade with proper risk management.
Markets are unpredictable—view this as probability-based analysis, not certainty.
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