Last week Nifty broke above 8055 and negated the pattern which I was expecting previously. It also triggered our stoploss for shorts I mentioned in my previous analysis report Nifty can be sold in 7970-8021 Range for Minimum Target 7541 . And negation of previous pattern forced me to look at bigger picture again.
So, today I am having a fresh look at whole decline from all time high 9117 to see if I can conclude something from bigger picture. Counts before 9117 are same as I explained in my all time frame report of 7 Sept Elliott Wave Analysis and Outlook of Nifty for All Time Frames as on 07 Sep 2015.