India’s Nifty stock index has been moving sideways for a few days. Having staged a decent recovery from the 4535 level that WaveTimes had identified as a key level some time back, many readers are anxious to know if we have seen the bottom. As WaveTimes has a truly global following, I had to look at other asset classes before coming back to Nifty. The attached charts explains in detail my current thinking. Read, Enjoy and Share! By passing these comments to your friends, you are not only helping them, but also giving back to the trading community in your own way.