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Nifty Elliott Wave Analysis for 16 December

In this short video, I am sharing my *Nifty Elliott Wave analysis* based on the **5-minute chart**.
According to Elliott Wave Theory, *microwave waves 1, 2, and 3 are already complete**. Currently, **microwave wave 4* is forming a **flat correction pattern**.

In this correction, **subwave A and subwave B are complete**, and **wave C is in progress**.
Elliott Wave rules suggest that **wave C generally moves at least till the low of wave A**, which is near **25990**. After the completion of this correction, **microwave wave 5 may push Nifty towards higher levels**.

This analysis is purely based on **technical chart structure and wave behavior**, shared **only for educational and learning purposes**.

⚠️ *Disclaimer (SEBI Compliant):*
I am *not a SEBI registered investment advisor**. This video is **not investment advice, trading advice, or a recommendation* to buy or sell any financial instrument. Stock market trading involves risk. Please consult your financial advisor before taking any trading decision.

📌 *Your views matter!*
Do you think wave C will test 25990 before the next move up?
*Comment your view below* and follow *The Niceworld* for more Elliott Wave insights.

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