Blog Posts

nifty 28-June

Nifty Post Brexit Strategy

Nifty’s sharp fall on Brexit outcome took support at 7936. It managed to stay overĀ the crucial support of 7896 mentioned in our Nifty medium term wave count report. This report mentions 7896/7715 as crucial support in determining our most preferred wave count. We will continue to watch these levels closely. […]

nifty triangle

Nifty prepping for whipsaw on Brexit vote?

Ahead of Brexit vote, Nifty seems to be prepping for a whipsaw action. Chart below: Nifty may be in a triangle correction as part of wave 4. There is a possibility of prices testing the 8350-8400 zone if a breakout from this triangle materializes. Such gains though may be sharply […]

EURUSD Long Term 20th June

EURUSD: Fate is sealed. Brexit or Not!

Here is the long term EURUSD elliott wave count: The wave count tells us that we are in a long term wave III down trend. Wave 3 within this wave was very close to 1.5 times the magnitude wave 1. The rally in EURUSD since 2015 is part of corrective […]

Nifty Wave Count

Nifty & Sensex: Brexit Strategy

Nifty & Sensex managed a volatile week which was characterized by sharp gap opening actions. For 4 out of 5 days we saw indices open gap down or up. Characteristically all these gaps were subsequently filled. This points to these gaps being area gaps which indicate some kind of congestion […]

Nifty Alternate Wave Count

Nifty/ Sensex: Medium Term Elliott Wave Count

Our Valentine’s day report on Nifty outlined a possible Elliott wave count for Nifty. Specifically we were looking for an end to a possible triple zigzag correction. The markets since have posted a spectacular rally. As our regular readers would know many times we track multiple possible wave counts for […]

Nifty

Nifty Update

Since our last update, Nifty has been rallying towards our measured target of 8357-8410. Post RBI policy Nifty encountered resistance around 8300 levels. While the momentum has not been categorically strong. The fact remains that the corrections have been mild compared to what we witnessed in May. Below is the […]

Tata Motors

Tata Motors rallies 3%. Should you Buy?

Tata Motors rallied by close to 3% on intraday basis which may entice many to jump into the ‘uptrend’. To be sure we have seen Tata Motors rally by close to 75% from its Feb lows. So one can be sure we have a substantial uptrend in place. On 31st […]

Nifty bull run

Nifty updated targets

Nifty/ Sensex have managed to break the April highs. In the process it has vindicatedĀ our stand on the post Mauritius treaty change price action being a correction. In light of this it is time to look at some measured targets for this current leg of the rally. As per Elliott […]

nifty price relationship 21-May

Nifty: A Ratio keeps repeating, will it work again?

With respect to Nifty, we have maintained that what we are witnessing in the market is largely a correction that should ultimately resolve to the upside. This assumption will continue to be valid unless we see a major downtrend 5-wave impulse move. There has been no evidence towards this so […]

Nifty wave count

Nifty Update

In our last update On Nifty we mentioned Nifty would be spending more time in the range of 7781 – 7892. The markets have now spend a week in this range. Below is our most preferred wave count: Our most preferred wave count suggests that wave c of the three […]