#NIFTY = Weekly Update = 25.12.2022 #Nifty50 $Nifty #indianstockmarket #markets

#NIFTY completed a strong bearish weekly combo and is threatening to close December with a monthly Bearish Engulfing, repeating the pattern it completed in November 2021. A closure like this will be followed by lower prices for one or more months.

This overview contains:
– discussion on possible closures in December from the candle and TA perspectives;
– long term Elliott Waves forecast.

This post is part of the @InvestingAngles Series that covers the US and global major indices; volatility and bonds, commodities and miners, crypto and currencies, and some large cap stocks.

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