90% of Nifty Traders Got Trapped on Wrong Side!
Jul 27, 2026
Markets often reward those who prepare before the move rather than react after it.
In our recent short video published on 24th July 2026 and also in the recent webinar held on 25th July 2026 with 1000’s of participants where we highlighted that Nifty might have entered a Bear Trap Zone, with the potential for a sharp short-covering.
The sharp fall made many traders expect more downside. However, Elliott Wave analysis, short term Time cycle indicated that the correction was nearing its end and a reversal was possible. For the confirmation of it a move above 23890 was required. This type of setup is commonly known as a bear trap.
Refer to the chart below to see how the setup unfolded and what the Elliott Wave structure suggests for Nifty's next move.
Nifty hourly chart with Elliott wave anticipated as on 24th July 2026
Nifty hourly chart with Elliott wave happened as on 27th July 2026
Nifty has played out almost exactly as anticipated. A breakout above 23890 triggered strong upside momentum, with the index touching 23972 after a gap-up opening backed by a 10% fall in Crude oil.
As per wave perspective, currently wave (c) is unfolding on the upside probably in form of a Terminal impulse pattern. Within which wave i was completed at 24530, and post which the fall was in form of Wave ii correction which got completed in form a flat pattern near 23600 mark. Now the ongoing pullback looks to be in form of Wave iii of the Terminal Impulse. For now, as long as 23770 remains intact one can use buy on dips with upside potential move towards Gann magnet of 24103.
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