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**NIFTY's Elliott Wave Perspective for Today**

Índice Nifty 50 (NSE:NIFTY)  
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NSE:NIFTY   Índice Nifty 50
Trend Analysis Chart Patterns Elliott Wave nifty50 niftyanalysis niftytrend niftyindia niftyelliottwave niftyelliottwaveanalysis niftyelliottwavecount
22
13
trendanalysis chartpattern elliottwaves nifty50 niftyanalysis niftytrend niftyindia niftyelliottwave niftyelliottwaveanalysis niftyelliottwavecount
Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

Don't buy without any confirmation.
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