This Weekly Update reveals the NIFTY‘s latest market structure and pattern development using hand-drawn monowave charts and orthodox Neowave logic so you can make informed decisions about market direction.
2.5 Yearly Chart
Impulsive wave topped in 2000 and commenced a 26-year bear market running correction (Wave-(4)) matching the S&P 500. When Wave-(4) is finished Wave-(5) should commence with all degrees going to the upside and a very powerful bull market move will follow.
Major trend force (purple)= UP
Minor trend force (blue) = DOWN
6-Monthly Chart
A closer look at Wave-(4) shows that wave-E is finishing up a Neutral Triangle the same as the S&P 500.
Monthly Chart
Zooming in on Wave-E of (4). A contracting triangle nearing completion.
As soon as wave-b of (e) has confirmed complete the market should see one or more downside bursts. This is to be expected and pros don’t panic.
Weekly Chart
A closer look at the developing Wave-(e) of E:
Wave-c of (e) appears underway. There is no guarantee the price vector shown in the price/time box will be reached as this is a running correction.
The time expectation of late summer / fall 2026 holds for wave-c. We will be watching this closely in the Weekly Updates.
Bottom Line
As currently labelled, NIFTY is in the process of completing a 26-year running bear market correction. We need to get through the end of Wave-(4) which is completing wave-E then the real bull market in India will begin.