Nifty At Crucial Juncture - Neo wave With Time Cycles
Jun 18, 2025
Nifty has been consolidating in a broad range for more than a month now. Advanced Elliott wave – Neo wave can provide perspective on maturity of trend and exact levels to enter.
Hurst’s Time cycle along with Neo wave is GPS of the market and is providing 4th July 2025 as an important date.
Nifty daily chart:
Nifty hourly chart:
Nifty daily chart shows that post forming a low near 21740 on Trump Tariff there has been a sharp bounce back on upside. This also happened to be near 85 weeks time cycle. We turned bullish near 22200 levels and from there the index has rallied by almost 3000 points.
The entire up move took out the previous swing in faster time that suggests that the medium term trend on upside as per Neo wave 2 stage confirmation method. There has been extended consolidation and it seems momentum will build post 4th July 2025.
Hurst’s Time cycle – Every 55 days prices have a tendency to move on upside. The prior low formed near 21740 was also within the cycle zone. So, there is possibility that major momentum will generate post the low again near 4th July onwards.
Neo wave - Over short term we are seeing short term correction in the form of complex corrective pattern as shown on hourly chart. Short term trendline support is near 24600 levels. Prices are moving in form of wave (b). This is subdivided into w-x-y. Post completing wave (b), a strong wave (c) on upside should start.
In a nutshell, Nifty is at crucial juncture. Break above 24980 will confirm faster retracement and will strongly hint towards start of wave (c) higher towards 25500 levels. On downside 24600 is going to be important support. Below this expect correction until 4th of July before upside reversal!
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