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

Nifty 50 Index (NSE:NIFTY)  
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NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Elliott Wave nifty50 niftyanalysis niftytrend niftyindia niftyelliottwave niftyelliottwaveanalysis niftyelliottwavecount
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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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