NIFTY Opening On 3rd May 2023
NIFTY Opening On 3rd May 2023
Markets have taken a pause at current levels and SEEM has completed 5 waves of smaller degrees. I have drawn the Fibonacci ratios at all relevant points on the chart…
NIFTY Opening On 1.05.2023
NIFTY Opening On 1.05.2023
In my previous analysis , I had mentioned the possibility of wave 3 and wave 5 extending, (both on smaller and larger degree). I had also stated the possibility of…
NIFTY Opening On 28th April 2023 1 2
NIFTY Opening On 28th April 2023
In my last Nifty analysis, I mentioned that wave 5 on a smaller scale is showing signs of extending. I had also shown the extent to which it can rise.…
NIFTY Opening On 27th April 2023
NIFTY Opening On 27th April 2023
Nifty took a correction but rose again with a smaller impulse showing not ready to give up. Markets are overbought both on hourly and daily time frames. Considering "minor" waves…
NIFTY Opening On 26th April 2023
NIFTY Opening On 26th April 2023
Nifty - I have marked as wave "x" the last upswing, as giving an indication of a double (triple zigzag?) In case it is we should correct as above and…
NIFTY Opening On 25th April 2023
NIFTY Opening On 25th April 2023
In my previous Nifty analysis, I mentioned the possibility of markets having made a bottom or very close to the bottom. Markets rose as expected and now we are somewhere…
NIFTY Opening On 24th April
NIFTY Opening On 24th April
Presently the markets seem to be stuck at around 17600 or so. I have marked, in yellow rectangles levels of "FIBBONACCI RESISTANCE" and SUPPORTAt times the markets may not give…
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 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…