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
In our last update I had mentioned following 'Expect a pullback from present levels to around 14700-15000 levels. The markets then should take a strong correction , going much below
In the last update , we had mentioned following 'Right now in all probability the markets , as shown in the graph below will remain in the range of 14900-14500.
In our last post , it was stated following However the LIKELY forthcoming scenerio is that the markets will first fall to 14000-14400 range. The markets did exactly that and
In my last post I had stated following Markets may have a pull back rally till around 15100 or so. However this most likely will be sold into and