December 7, 2015

Elliott Wave Outlook of Nifty for Dec 2015 Series

Elliott Wave Outlook of Nifty for Dec 2015 Series

 | December 6, 2015
Today I am analyzing medium term charts covering decline after all time high 9117 to see if we can identify something for medium to short term. Let’s start with daily chart covering move after 9117.
This is daily time bar chart of Nifty covering move after Mar 2015 high 9117. The whole decline from high still looks like the progress of Complex correction (may be progress of Triple Zigzag), which I expected 5 months back but still there is no sign of completion.

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