Nifty Analysis for the week 04 May to 08 May, 2026Nifty 50 IndexNSE:NIFTYChartMasteryHQWrap up:- As mentioned earlier, we are in wave y of x of 4 of major wave 3. In wave y, a lower degree impulse (i.e. wave a) is forming in which wave 1 was completed at 22782 and wave 2 at 22719 and wave 3 is completed at 24400. Now, wave 4 is to be taken completed at 23796 with a wxy pattern. Further, wave 5 is in progress which is expected to be completed in the range 24772-25116 (which is fresh next resistance level). What Iām Watching for the week 04 May to 08 May, 2026š As, fresh upside immediate resistance which lies in the zone 24772-25116 and therefore, a lower degree impulse (i.e. wave a) is expected to be completed in the range 24772-25116. Disclaimer: Sharing my personal market view ā only for educational purpose not financial advice. "Don't predict the market. Decode them."