Nifty Crashed! Targets as per Elliott wave and Time

Nifty crashed and moved sharply lower with a fall of more than 350 points in a single day on 13^th January 2025.

The sharp move on the downside is exactly in sync with the advanced Elliott wave – Neo wave method

Nifty daily chart:
Nifty Hourly chart:
Nifty daily chart shows that prices broke below the important trendline support which has been intact for more than a year.

Time cycles - We have mentioned date of 22^nd January 2025 almost a month back where we have highlighted that prices can move down since the overall Time cycle is turning on sell side.

Also 85 weeks time cycle is on sell until 3^rd week of February 2025. Many have been citing the recent crash in equity markets to that of global factors but the fall was imminent if you understood the concept of Time and Elliott wave pattern.

We can expect short term pullback on the upside post 22^nd January 2025 as per Hurst’s Time cycle concept.

Neo wave pattern – Nifty has been moving lower in the form of a Diametric pattern and prices are currently in wave (e) of the same. This wave (e) will be equal to that of wave (c) which is near 22877 levels. Diametric is a 7-legged corrective pattern. Post wave (e) completion we can expect a pullback in the form of wave (f) on the upside and then wave (g) lower again. We will publish the path in our daily morning research report of Equity named as AGNI.

Gann levels – Nifty Gann levels are near 22877 which coincides with Nifty Neo wave pattern as well. Prices since 7 days has not given a close above prior day’s high.

In a nutshell, movement has been exactly as per Neo wave and Hurst’s Time cycles. As long as 23350 followed by 23420 is intact we can expect a move to 22877 levels and lower. Time turning date is around 22^nd January 2025.

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