Nifty Price Prediction for Tomorrow (30 May 2025)
Nifty 50 Likely in Wave 3 of a New Motive Rally: Is Bullish Momentum Ahead?
Following a complex correction, the Nifty 50 appears to have begun a new motive wave, with Wave 3 possibly underway on a smaller scale. If the current Elliott Wave count holds true, minor retracements may happen; however, the overall structure indicates a robust upward movement.
Nifty 50 /45 Min
Key Levels to Watch
- Primary upside target: 25,400
- Next resistance: 25,600
While the bullish outlook remains, it is crucial for traders to pay attention to the critical invalidation level at 24,717. A break below this level would invalidate the current wave structure for the Nifty 50.
Traders and investors using Elliott Wave theory need to develop Wave 1 skills. Understanding the characteristics, rules, and patterns of Wave 1 can enhance comprehension of market dynamics. Read more…
Disclaimer
This post is just for informative purposes and does not constitute financial advice. Trading and investing involve risk, and past performance does not guarantee future results. Before making an investing or trading choice, readers should undertake their own research and evaluate their own circumstances. The author and platform accept no responsibility for any financial losses or damages stemming from the use of this material. Receive personalized advice from a qualified financial advisor.
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