Nifty Weekly Elliott Wave Analysis | 13–17 July, 2026Nifty 50 IndexNSE:NIFTYChartMasteryHQWrap-up:- As mentioned in my Mid-Term Nifty Analysis (Weekly Chart published on 11 July, 2026), the market remains in Wave Y of Wave X of the Major Wave 4 corrective structure. Within Wave Y, Wave A was completed at 24601 and Wave B is currently unfolding. Inside Wave B, the internal Wave A concluded at 23813 while the internal Wave B has now completed at 24530 as Nifty successfully broke above the 38.2% Fibonacci Retracement level (23,969). With this confirmation, Internal Wave C is now in progress. ⸻ What I’m Watching for Nifty | 13 July – 17 July 2026🔍 With the completion of the Internal Wave B of Wave B within Wave Y, Nifty is expected to move towards Internal Wave C of Wave B. The projected downside target for this corrective leg remains in the 23070–22700 zone. Within Internal Wave C, Wave 1 has already been completed at 23805 and Wave 2 is currently in progress. Once Wave 2 concludes, the next directional move (Wave 3) will be crucial to monitor, as it is typically the strongest impulsive leg of the sequence. ⸻ Key Levels to Watch • Immediate Resistance: 24530 • Major Resistance: 24601 • Expected Correction Zone: 23070–22700 • Trend Bias: Corrective (Bearish until the current wave structure is invalidated) b]Disclaimer: This analysis reflects my personal interpretation of the market using Elliott Wave Theory and is shared strictly for educational purposes only. It should not be considered financial or investment advice. "Don't predict the market. Decode it."