In my last post I had mentioned a intermediate correction , which has happened already. The upper target i had given as 16400 I had also mentioned that we are
Nifty is now on a 5th wave bull run target for which is around 16400-16800. However we may have an intermediate correction today.
Nifty showing strength and should move higher on subdivided wave 3. Have given a invalidation level of 15467 on the lower side, breaking of which will mean some more correction/consolidation.
RBI in its very recent post has given out a statement that the stock markets are beginning to form a bubble. What this means is that the markets are overpriced
NIFTY On monday we may see a pullback as shown above. However the larger trend is downwards only.
Looking at various happenings , covid or otherwise, a fresh look at Nifty and the markets is warranted. As mentioned many times in this forum, all analysis here is based
The markets have shown lot of volatility lately. Any extreme volatility is indicative of a major move upward or downward. Presently the markets are slated to go upward within the
In our last post , we had mentioned Nifty being in the bear run and falling till 12000-13500 levels. We had also mentioned that this fall will not happen in
The markets have indicated weakness recently. However have kept the invalidation point of the current weakness at 14700 max(anything above this level and sustaining for a day or two will
Below analysis is given based on the elliot wave theory. This analysis is given free of cost . The wave theory is subjective in nature and based on predicting crowd