NIFTY Opening On 19th April 2023
NIFTY Opening On 19th April 2023
We may be having a 1-2 1-2 formation where the SECOND wave 2 is just completing or near completion. Then we should have the downward move resume again. REGARDING OVERLAPPING…
NIFTY Opening On 18th April
NIFTY Opening On 18th April
The previous trading day showed a corrective upwards. Now the downward move should resume, Is this part of a LARGER wave 3 or just a 5-wave move downwards ending as…
NIFTY Opening On 17th April 2023
NIFTY Opening On 17th April 2023
NIFTY - Correction is overdue by conventional indicators as overbought on both a daily and hourly basis. Elliot's count can extend on the 3rd wave but shows signs of weakness.…
NIFTY Opening On 13th April 2023
NIFTY Opening On 13th April 2023
Wave 3 Nifty has extended as shown. Extensions CAN occur in wave 3's. A lot of overlapping at present levels, with markets being egged on by short covering. Correction should…
NIFTY Opening On 12th April 2023
NIFTY Opening On 12th April 2023
NIFTY Overbought both on an hourly and daily basis. Elliot wave count shows the completion of minor wave 3 and we should correct it from somewhere here.The correction when it…
NIFTY Opening On 10th April 2023
NIFTY Opening On 10th April 2023
Wave 3 is now overdue for completion and we should be correcting it anytime soon as shown. However, Wave 5 when it comes should extend, taking us near/beyond 18000 as…
NIFTY Opening On 6th April 2023 1
NIFTY Opening On 6th April 2023
We may have completed the 1st in the series of forthcoming IMPULSE waves and now should correct as shown above before resumption of the bull run. Below is a small…
NIFTY Opening On 5th April 2023 1
NIFTY Opening On 5th April 2023
We have completed one pattern on the downward side at the point marked "Z" in the chart above. Subsequently, we pushed upward and now are nearly 600 points above the…
NIFTY Opening On 3rd April 2023
NIFTY Opening On 3rd April 2023
In my previous post I had mentioned the possible bottoming out. In this regard I had explained the construct of an expanded triangle.(Given in orange in above figure) Had also…
NIFTY Opening On 31st March 2023 2
NIFTY Opening On 31st March 2023
There is a good probability that the markets MAY have reached a bottom OR are very near the bottom. This is deduced from the fact that there are multiple signs…
NIFTY Opening On 28th March 2023
NIFTY Opening On 28th March 2023
As discussed before, the downside can be flat with the C wave coming down. The ending of this wave will signify the culmination of wave IV.Today the markets can again…
NIFTY Opening On 27th March Alternative View
NIFTY Opening On 27th March Alternative View
Above is the alternative view of Nifty on 27th march 2023. In this, I have taken the whole move down as an ABC wave. The near result is the same…