NIFTY Opening On 12th May 2023
NIFTY Opening On 12th May 2023
As mentioned in my previous update, markets tried to test the upper boundary of the ending triangle, but failed to do so and collapsed finally. At times there is another…
NIFTY Opening On 11th May 2023 1
NIFTY Opening On 11th May 2023
Markets may test the upper boundary of the expanded triangle abcde. This happens frequently but is not a norm. Presently big possibility of same. Therefore we MAY see another rise…
NIFTY Opening On 10th May 2023 1
NIFTY Opening On 10th May 2023
Markets in all probability now correcting the full impulse wave which commenced from low of 16835 and completed at 18345. This correction as mentioned earlier can be from 25 to…
NIFTY Opening On 8th May 2023
NIFTY Opening On 8th May 2023
Friday's price action marked a PAUSE. The basic analytical structure remains the same. Markets may move up as shown above but the DOWNSIDE is open for the MAIN correction of…
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 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 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 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 3rd April 2023
NIFTY Opening On 3rd April 2023
In my previous post I had mentioned the possible bottoming out. In this regard I had explained the construct of an expanded triangle.(Given in orange in above figure) Had also…
NIFTY Opening On 28th March 2023
NIFTY Opening On 28th March 2023
As discussed before, the downside can be flat with the C wave coming down. The ending of this wave will signify the culmination of wave IV.Today the markets can again…
NIFTY Opening On 27th March Alternative View
NIFTY Opening On 27th March Alternative View
Above is the alternative view of Nifty on 27th march 2023. In this, I have taken the whole move down as an ABC wave. The near result is the same…