Tag: Nifty
Nifty Update
The failed potential triangle (per last post), led to a swift fall in markets. The triangle pattern as such is a great price pattern which provides specific price targets & stop loss price. However the relatively under-rated feature of this pattern is how often the ‘reverse trades’ on break of stop losses […]
Nifty: A tale of two Gaps
Nifty broke below the crucial 8720 level and made a low of 8688. Since then Nifty has rallied to 8846 before reversing sharply. In this process it created two Gaps as shown in the chart below: The rally on Friday attempted to fill the Gap 1 but failed, instead ending […]
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 […]
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 […]
