AWS EC2 and Route 53 Domain ( Transfered from different Provider ) Linking Issues | nslookup doesnt resolve any ip address

I am new to AWS and having trouble in linking my recently transferred domain to the EC2 Web application which is running on Ubuntu.

Cpnfigurations

EC2 Setup is done. Assigned an Elastic IP to EC2. Assigned liost of Name Servers to Recently transferred domains. Created Hosted Zone with new A record with Name: mydomain.com Alias : no Value :

When try to Access My web application using static IP it works fine. Hoever, with domain it doesnt seems resolving the host.

nslookup for domain gives below result

Server: UnKnown Address: fe80::1

DNS request timed out. timeout was 2 seconds. *** Request to UnKnown timed-out

Any help would be appreciated. Thanks in Advance