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Financial Education

Just Dial Short Term

Just Dial: Power of Wave Analysis in dealing with incomplete data

Just Dial got listed only around second half of 2013. Which means trading data is only available since. This makes the data set incomplete as far as application of elliott wave analysis is concerned. But if you can get hold of basics, you can still find ways to make profitable […]

nifty sensex

Nifty & Sensex Update

Markets have seen a sharp correction from 7784 levels (25479 BSE Sensex). The prices have respected the trend channel that has been in play since March ’15. This was the correction we have been expecting that should mark the end of wave 1 & develop into wave 2 correction as per […]

BSE Sensex & Nifty View

Nifty, BSE Sensex, USDINR End of the week Update

Nifty & BSE Sensex have encountered resistance at important levels. We mentioned in our last post how 7745 & ultimately 7800-7820 (upper end of the trend channel) may be important levels for Nifty. We saw markets crash sharply from 7745 & equally sharp rally back, markets pulled back from 7777 […]

Nifty 15-March

Nifty Short Term Update

Nifty broke above the crucial 7541 levels but failed to sustain above it as it sharply reversed its gains after hitting a high of 7582. A break of of 7461 level on the downside should be used to exit any initiated long positions as it may indicate an extended correction […]

Nifty

Nifty Congestion Breakout Awaited

For the last few days, Nifty has been trading in a congestion zone of 100 points. The last correction of this magnitude in Nifty played out intraday on 29-Feb. This was a wave 2 zig-zag correction as shown in the chart below. Current congestion is likely part of wave 4 […]

Nifty breakout

Nifty breaks out providing confirmation

We have been tracking two trend lines for quite a few days now in hope of finding an important confirmation signal. The T1 line has reinforced its importance time and again with markets refusing to stay below this line for long. The market rally for two days meant that yesterday […]

Nifty March

Nifty Whipsaw Budget Action

Nifty has seen a volatile whipsaw budget action, that has essentially brought the market back to where it started after posting a new low. Price are back into the corrective channel that has been play since March of 2015.It has also closed and managed to stay above the T1 line […]

Nifty 26-Feb

Nifty: Markets evenly balanced

Much like the parliament, markets have seen a lot of drama without much progress. Nifty reversed from the key level of 7241 outlined in our last report. But significantly enough managed to stay above the low of 6960, thus still keeping the hopes for bulls alive. This is even more significant […]

Nifty 21-Feb

Nifty Update

Our last article outlined a 2-stage confirmation required to confirm if a sustainable bottom is in place. The prices managed to break and stay above line T1 and are now trading close to an important resistance level 7241. Though the price action is not as convincing. In light of this […]

Nifty 12 Feb

Nifty Triple ZigZag bottom confirmation awaited

In our last post we mentioned how some indicators have aligned but prices have not. The market action on Friday has given some indication of buying emerging as markets managed to stem and recover from the intra-day fall to close near the opening price of the day creating a Doji. […]