Nifty has made a significant recovery after hitting a low of 19223 on August 31, 2023. According to Elliott Wave Theory, the Nifty made its low as Wave iv of Minute Degree Wave {iii} within Wave (i). Until November 2023, Wave (i) of Minute Degree Wave {iii} might drive the index toward 20400-20600. As Wave (ii) of Minute Degree Wave "{iii}," a pullback toward 19000 is what we can anticipate.
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On Friday, September 1, 2023, Banknifty may have completed Wave (ii) of Minute Degree Wave "{iii}." By November 2023, it may move toward 48800.
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The S&P 500 may rise as Wave (v) of Minute Degree Wave "{iii}" toward 4800. Minor Degree 1 and Minute Degree Wave {v} may peak between 4900 and 4950 till the year's end.
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Until November 2023, the Nasdaq 100 appears to be peaking as Minor Degree Wave 1 in the range of 16370 to 17450.
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In a sequence known as Wave 1-2 and 1-2, DJIA is expanding. Thus, given its current structure, the DJIA may outperform other major US indices through the end of the year.

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