NIFTY – Monthly Analysis
We continue to watch the development of the NIFTY index. Using candles, momentum, and Elliott Wave structure, we frame the high-probability paths, the key invalidation levels, and the zones where control flips. In this update, we’ll check whether our long-term forecast is still on track and make adjustments if needed.
CANDLES
NIFTY continues its bullish development. The monthly and 2M closes were bullish, and this week the index closed the daily and weekly frames with bullish candles and technical signals. The index is bullish across all frames.
ELLIOTT WAVES
No changes to the long-term outlook for the past two months. NIFTY continues to follow the green/blue paths.
SUMMARY
In early summer, I outlined a “potentially spectacular bull run” for NIFTY that could last well into 2026. With the latest signals, that runway could extend into 2027. Pullbacks will come—they’re healthy—but the long-term outlook remains bullish.
Happy Trading!
