This is back dated Elliott Wave Analysis Report of Nifty I prepared on 01 Nov 2015. I posted this analysis report on my blog for my students/subscriber for their future reference with respect to my daily reports as this is explained reports on weekend and further Daily Analysis reports for the week will be continuation of this.
Market shows such tough pattern often but this is biggest corrective pattern after 2012 which started from March 2015 and still running. May be this correction is near its last stage before any big one sided move but it is difficult to calculate the time it may take. Let’s have a fresh look on latest charts.
Please read my complimentary report Is Nifty Heading for New High or New Low – Elliott Wave Analysis which I published on 24 Oct 2015 to understand this report better. Today I am showing wave counts from this year low 7541 and refer above mentioned report for previous counts.Read more at http://sweeglu.com/most-probable-elliott-wave-counts-of-nifty-as-on-02-nov-2015/