#Nifty 4th Jan 2023 | Falcon Trader Analysis

Happy New Year 2023 - Follow me on Trading View for daily Nifty50 chart.

Nifty is moving in upward trajectory with major resistance taken in Daily Chart and now headed towards 18337 levels and further up to complete red 3 wave. Yesterday US markets were closed / and Dollar Index move today has been only favourable for Nifty50.

With earnings season coming up, it looks like we will have last attempt for the up move to complete Falcon Wave C (which is comprised of 5 waves, and we are in bigger wave 5th demarcated in blue, as we completed blue 4, now we are in wave 5 blue. This wave 5 blue will have its on 5 waves marked in red colours. Now we are in 3rd wave red. - as shown in the chart.

Drop your comments. From Falcon Trader, most of times you will only get one direction.

Always use stop loss. Trade at your risk.