NIFTY – Monthly Analysis
We continue to monitor the development of the NIFTY index. Using candles, momentum, and Elliott Wave structure, we define the high-probability paths, the key invalidation levels, and the zones where control may shift. In this update, we’ll assess whether the long-term forecast remains on track and make adjustments if needed.
CANDLES
NIFTY closed November with a bullish continuation candle and remains solidly bullish across all time 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 the possibility of a “spectacular bull run” for NIFTY that could extend well into 2026. Based on the most recent signals, this trajectory may reasonably continue into 2027. While periodic pullbacks are to be expected—and are structurally beneficial—the long-term outlook remains firmly bullish.
Happy Trading!
