NIFTY Opening On 5th May 2023
NIFTY Opening On 5th May 2023
The 5th wave was further extended yesterday PROBABLY due to short covering. The market is definitely overbought both on an hourly and daily basis.Timing the 5th wave in Elliott Wave…
NIFTY Opening On 4th May 2023 1
NIFTY Opening On 4th May 2023
I have given two charts above. The 1st one is the current RECENT price action and the second is a bird's eye view of the impulse wave which commenced from…
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 21st April 2023
NIFTY Opening On 21st April 2023
Nifty - Markets are in the process of completing an expanded triangle, where the last leg of wave "e" is on. The culmination of this triangle will mark the completion…
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 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 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…