NIFTY Opening On 16th Oct 2023
NIFTY - It may be within the range of possibilities that wave IV has not completed as yet and we may ratchet downwards as indicated above
NIFTY - It may be within the range of possibilities that wave IV has not completed as yet and we may ratchet downwards as indicated above
Nifty - Are we onto a 5 wave move from the low of 19335 OR a 3 wave move for which the C wave marked in red is completed. Elliot…
Nifty - Effect of Israel Palestine WarDoes Elliot Wave work during unfolding of an Event. Initial shock, sinking in , reaction can all affect the market. Events influence market sentiments.…
NIFTY - NEAR TERM BULLISHNifty - This can be seen from the 3rd chart given above. The 1st long term chart needs more price action to complete any significant pattern.…
Nifty - As discussed yesterday , had given a call for market fall till around 19200. Still expecting same.Discussion in markets about state of NEGATIVE world economic situation. Agree with…
Nifty - The fall from 20000 plus has been almost a vertical one. These vertical falls invariably end up in some sort of triangle (Like brakes being applied). MOST LIKELY…
Nifty - Although the markets are oversold, considering the almost vertical downside till now, we must assume more downside UNLESS the point marked B is breached upwards. I have given…
Nifty-I have drawn two expanding triangles , red and blue. THE RED EXPANDING TRIANGLE ABOVEHere the price hasnt touched the upper boundary as yet. However in expanding triangles it is…
Nifty - Markets MAY not be ready to correct as yet. However, it was very much overbought. Yesterday's price action points toward the final v-wave formation shown in blue.However, any…
Nifty - In order to have a perspective, have given above the long-term view again.Below is the normal short-term view Important points for short-term view1. Currently we are in the…
Nifty - In the 1st chart i have shown the ongoing impulse wave, which with due corrections , will continue upwards for quite some time. In the immediate, we may…
Nifty - Yesterdays triangular formation wave count is invalidated and now we have a clear impulse wave going up. Today the markets may or may not remain subdued and may…