I am considering 2009 dip as the starting point for the analysis. So as per the analysis, sub wave iii of wave (v) of wave [iii] is either going on or completed.
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
now, wave iii is at the 100% fibo extension in.tradingview.com/x/Ht9HlEPf/.
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started https://here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed. in.tradingview.com/x/REK9x3se/,
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
Nota
price bounced from horizontal support Nota
probable move in weekly, in.tradingview.com/x/58piKQa5/, wave iv can push the price to 9200-9600 level.
Nota
after wave iv , last leg of impulse i.e. wave v can take the price towards 10800+ levels.Nota
here is the probable move in monthly time frame Nota
there was a nice bounce from the horizontal support, Nota
now nifty looks bearish, trend line support broken , then it tried to retest the broken trend line , and bearish engulfing formed while retesting it. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.