Nifty's 1500-Point Rally: 55-Day Time Cycle & Elliott Wave Reveal. What's Next?

Nifty has bounced back strongly after reversing from the 22400 Time Cycle low level. Our bullish outlook gained momentum once the index decisively crossed the 23175 prior swing high level.

As highlighted earlier, in our previous article on Nifty dated 26^th October 2026 we had alerted our clients that the Index has entered our 55 day time cycle zone with the key resistance  around 22790 level. As expected, post forming a short term low within the cycle zone prices gave a sharp move of almost 700 points since then.

Daily Anticipated chart as on 26^th October 2026

Happened as on 04^th November 2026

85 Weeks’ Time Cycle and 55 Period Time cycle in action.

• We have been mentioning about the 85 Period Time cycle in action since September 2026 and as expected, Nifty bounced back from the 85 Weeks’ Time cycle near 22400 level and has rallied more than 1500 points indicating the significance of the same.
• This low of near 22400 was also aligned with the 55 period Daily Time cycle acting as a strong base for the Index going forward.
• Also, since past 5 trading sessions every candle closed above prior day’s high indicating strong bullish momentum in the index.

Wave Analysis and AK Indicator

• The stock completed its major corrective phase on the downside in the form of Wave E.
• This suggests potential for further upside, subject to price action and market conditions.
• On the AK Indicator, currently all three lines have started trading on 0 line, providing double confirmation. This suggests that bullish momentum is likely to continue.

Conclusion

• Time Cycle, when combined with simple price action, AK Indicator, can provide powerful trend signals.
• The index continues to favour a buy-on-dips approach with an upside target placed in the 24103 as per Gann.
• On the downside 23530 remains the crucial support level that needs to be sustained to maintain the positive outlook.

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