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 C waves normally are extensive although at times may finish abruptly. To be on the safe side look at bottom of around 9200 0r so.
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 - I am assuming the full impulse having completed at point marked "1" in red. Now therefore we must correct the full length of this impulse waveThe ongoing correction…
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 - We may have a rise today on opening , which will not sustain. However today is settlement day so expect volatility in both directions. We are in the…
Nifty - Most Probably a pullback on the cards as shown above and then to complete the pending correction down as shown above.
Nifty - The correction within the Cycle Wave IV is ongoing. The down target of 19000-19150 is very much valid and is a possibility. Within this ongoing correction, we should…