May 31, 2017

Elliott Wave Analysis of Bank Nifty using All Time Frames

Nifty is trading at new all time high and bounced more than 250 points in last 02 sessions. Our most of the wave counts were completing at previous high 9532 but a new wave has been started which breached 9532. So, we need to revise previous wave counts to check or identify the position of very last wave started from 9341.

So, today I am revising wave counts on all time frames to see if I can identify something different or interesting. Let’s start with a monthly chart covering life time move of Nifty.


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