All description is mentioned on the chart. As per Elliot Wave Theory. There are five impulsive waves, namely 1, 2, 3, 4 and 5 and thereafter three corrective waves namely A, B and C. The Nifty Monthly Chart is showing and proving the Elliot Wave. I have marked Elliot wave counts since 2003. The completion months and levels of all the five impulsive wave and corrective wave A have been marked on the chart. It is highly possible that wave B has also completed at 10553 because it is 61.8% level of the corrective wave A. So the current moves of Nifty are very important and interesting. Please share your views.