This Elliott Wave Analysis report of Nifty I prepared on all time frame covering Nifty outlook for Long Term, Medium Term as well as Short Term. There is disturbance in market because of sharp fall in Nifty in last 02 weeks and most of my followers and subscribers are requesting for an idea of nearby bottom or further scenario. So, I looked at all time charts again to get idea for further probable move of Nifty in coming months or years.
Most of my followers also ask which best time frame is for Elliott Wave Theory Analysis and how to identify wave 1. So, read this report carefully and try to understand how started analyzing from long term and came to very last short term wave step by step.
So, let’s start with long term Monthly Chart: