Chart shows the Simply Elliot Wave pattern in Nifty Future hourly charts with 5-3 Wave pattern.
It is also inferred that a formation of inverse head and shoulders pattern in hourly charts with
formation of head near 4157 levels and shoulders around 4220 levels offering a next level of targets
at 4429(50% retracement) and 4494(61.8% retracement) as the neckline breaks.
Nifty future is expected to face strong resitance near 4500 zone in coming days
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