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 […]
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 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 updated targets
Nifty/ Sensex have managed to break the April highs. In the process it has vindicated 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: 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 […]
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 […]
Our Technical Analysis Course Now Available on ElearnMarkets
We are very happy to announce that our Technical Analysis Course is now available with ElearnMarkets.com at a specially discounted price. The offer expires on 14th May. You can avail the offer by using the promo code: MAY30. Direct link to the course: Click Here Course Details: Building Blocks of Technical Analysis course […]
Nifty Post Mauritius Treaty Change Analysis
Nifty opened Gap down Post the Mauritius Treaty Change. While some may find reasons to believe that this is not good development for the stock market, the fact remains from a long term perspective all attempts at cracking down on tax loopholes or crony capitalism are very positive developments for […]
Thyrocare Tech IPOs lists at 49%. Is it better to invest in IPOs?
Yesterday, I was asked the following on IPOs, presumably because of Thyrocare’s stellar debut: “Do IPOs provide better returns as compared to stocks?” Presenting my answer with minor edits: I was sure this question was lurking around considering what happened with Thyrocare today! So lets have a little blast from […]
Sensex & Nifty Update
You may directly jump to the end of the post for conclusion in case you are not comfortable with the complexity of our explanation. However we strongly encourage you to read the post in its entirety so that you understand the basis for our analysis and preferred wave count on Nifty […]