Nifty - Markets are clearly overbought but the ongoing momentum coupled with short covering can take it higher. Normally WHENEVER we see a sign of tiredness (the 1st relatively bigger…
NIFTY Opening On 3rd Nov 2023 More upside on the cards to complete wave X (and also the ivth leg of the developing triangle.) Normally , the upward move under…
NIFTY - A pullback due anytime now as depicted in 2nd chart. This within the MAJOR downward move which is unfolding as shown in the 1st chart.
Nifty - Normally a selloff like this creates a "catching a falling knife syndrome". The only thing it points at is that the markets are VERY jittery . However a…
Nifty Above I have given very short term analysis of Nifty. We may open down but markets may try to recover during the day . However the EVENTUAL downside as…
Nifty - The 1st chart is depicting the long term view, where i have given the blue count (cycle wave V is completed) and the red count (cycle wave III…
NIFTY - In all probability , irrespective of any up-down move in near future, it will be prudent to take the large amplitude triangle formation marked abcde, as a culmination…
Nifty - In the charts above the 1st chart is long term chart showing cycle waves with 3rd cycle wave completed.The next chart shows the expanded flat correction unfolding into…
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 - 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…