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NIFTY

Nifty Time Cycle

Elliott Wave & Time Cycle Gujarat election impact on Nifty / Sensex

NIFTY & SENSEX Gujarat Election Results Impact on Indian Share Market Since our last post, Nifty tried (unsuccessfully) to climb up to it’s all time high and fell sharply to briefly trade below the crucial 10104-10120 zone. Chart Below: Nifty seems to have formed a W-X-Y double-zig-zag correction. Price wise this […]

Nifty 14-Nov

Nifty Elliott Wave Update

Nifty Elliott Wave Nifty hit a high close to 10500 since our last update and we have seen a substantial downward move since. Prices are still trading above the crucial 10104-10120 gap area we mentioned in the last post. This crucial gap area will continue to remain an important support zone. The […]

Nifty Elliott Wave Update

Nifty Elliott Wave Update

Nifty made a major low around 9687 as mentioned in our last report and has managed to hit a new all time high. Identifying a simple flat correction was all that was needed to make this bullish call. Chart Below: There is another important indicator that played out around the […]

Nifty Elliott Wave Update

Nifty Update

Nifty extended it’s fall to the 9724/9685 zone mentioned in our last update. We have seen strong reversal from this zone. This today has been followed by a breakaway movement in stocks. Although the breakaway movement has created only a small gap, it is likely that we may be able […]

Nifty

Nifty Update

The price action in Nifty since our last update has confirmed that the fall that started from August 2 wasn’t start of a bear market. We cannot say the same about the fall from Sep 19 highs yet. Based on short term calculations the current fall may extend to 9724/9685. We […]

Nifty

Nifty Alternate wave count- 9850-57 key level

Nifty needs to recoup losses from above the 9850-57 level in order to continue the upward march immediately. Below may be the top alternate count for Nifty in case it fails to do so: Market’s recent move have been tough to analyze. This usually happens when the patterns are incomplete […]

Nifty elliott wave

Nifty Update

Nifty has traded in a broad range between 9686-9940 over the last few weeks. We still maintain our bullish bias over the long term, though there is a possibility that this range bound movement is actually forming a triangle pattern. If this is indeed true then we are likely to see […]

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 […]