NIFTY

Nifty 11-Aug

Nifty Update

Nifty has seen a sharp correction from the major trend channel we discussed in our last update. Though the magnitude of the move has been much sharper than we anticipated. This further reinforces the importance of this longer term channel. As we mentioned in the last update, our working assumption […]

Nifty Short Term Elliott Wave count

Nifty & Sensex Update

Nifty has developed some sort of correction from the upper line of an important trend channel. Chart Below: This trend channel is based on Nifty’s 2016 budget lows and demonetization lows. Our working assumption based on elliott wave theory wave count for Nifty & Sensex is that we are probably in […]

Nifty Elliott Wave Update

Sensex & Nifty Elliott Wave Short Update

Nifty vindicates our stance since our last update by hitting new highs. The price action immediately after our update (i.e. on July 3) was a breakaway gap which generally points to end of the current trend and beginning of a new trend in the opposite direction. We have marked as breakaway […]

Nifty GST elliott wave

Nifty & Sensex pre-GST Update

Nifty failed to hold on to gains from the crucial 9580 level. Yet as long as we continue to stay over the 9342 level, we will continue to look at the rally from 9342 to 9706 as wave 1 of the next medium term trend. Accordingly we will continue to […]

Nifty Pharma Index

Missed Nifty market rally? Don’t miss this opportunity!

Nifty has been in a very strong uptrend that started around March of 2016. Pharma sector though has had a very different story, largely thanks to major regulatory tightening in developed markets. This has been very well covered by mainstream financial media and this coverage is getting more & more bearish […]

Nifty Elliott Wave

Nifty Update on hitting 9500

As explained in our last post we expected Nifty to rally towards the 9473-9500 zone. We also expected some kind of correction to develop from this zone. However, we also mentioned that we cannot rule out the possibility that wave 3 (which we showed as a 9-wave extension), may develop in […]

Nifty Elliott Wave count

Nifty Elliott Wave Update: Around another crucial zone

Our last update expected the market correction to gather steam on break of 9075 level on Nifty. However, this possibility was nullified on break of the crucial 9217 level as mentioned in our report. The break of this level has resulted in a major upswing and postponement of our anticipated […]

Nifty Elliott Wave

Nifty: Markets may be under pricing Korean Peninsula Risk

Since our last update Nifty has managed to make new highs and reverse sharply in a correction. Last few weeks has seen rise in geo-political risk, specifically the developments in the Korean Peninsula. Nifty managed to stay buoyant over the last few weeks, all this while playing down the risk. […]

Divis Lab FDA

Can Divis Lab USFDA alert be a contrarian opportunity?

USFDA import alert hit Divis Lab stock few days back. To be sure its a pretty serious but the famous Seth Klarman once said: “You must buy on the way down. There is far more volume on the way down than on the way back up, and far less competition among buyers. It […]

nifty Yogi impact stock market

Can a Yogi’s arrival dampen Nifty march

On March 11 it became apparent that the Modi Wave that swept the 2014 General elections is well intact. The markets obliged by opening higher and after close to 2 years. We saw Nifty breaking above its all time highs. On the 18 March weekend Yogi Adityanath was appointed the […]