nifty crash

Nifty & Bank Nifty Update

NIFTY UPDATE Nifty failed to sustain above the crucial 38.2% retracement level of 10604 and developed another leg down. This leg down though has not violated the important 10033-10075 zone mentioned in our last report. Below is the most probable wave count for Nifty’s fall from all time highs: This […]

Nifty 6-Feb Short Term

Nifty Update

Nifty violated many of the important levels mentioned in our last report. The sharp gap down movements in consecutive days pose a challenge in directly analyzing the price action (because of areas that lack any price action). In such a situation we will need to look at multiple time frames […]

nifty doublle zig zag

Nifty Post Budget Update

NIFTY POST BUDGET ACTION Nifty has seen substantial fall from highs of 11170. I am seeing this current fall as part of a double zig-zag correction so far. Though my confidence on this would only increase if we see prices closing the gap down action seen today. Nifty 30-min Chart […]


Nifty & Sensex Update

Since our last post, Nifty has stayed on an expected uptrend. Chart Below: From a long term perspective, there is nothing new to add and we expect this trend to continue. The measured target for Nifty are at 10831/11233/11328. Important swing point is at 10404. From a short term perspective […]

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 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 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 […]