Deepak Kumar

Deepak Kumar is an independent Technical Analyst, regular practitioner and Trainer of Elliott wave theory applying Elliott's Wave Principles on Indian Markets successfully since 2011 and made many accurate predictions.

He is also the author of book "Practical Application of Elliott's Wave Principles by Deepak Kumar"

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Deepak Kumar's Latest Posts

Elliott Wave Outlook of Nifty for Gujarat Election Result Day

Elliott Wave Outlook of Nifty for Gujarat Election Result Day

| December 17, 2017

Nifty opened huge gap up at 10345 and bounced further to register day’s high 10373 but failed to sustain at higher levels and declined back by more than 50 points to register day’s low 10319 and finally closed 81 points up at 10333. Yesterday, overall outlook was bullish for 10329-10490 as upside target range and […]

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Elliott Wave Analysis of Nifty near Gujarat Election Result

Elliott Wave Analysis of Nifty near Gujarat Election Result

| December 14, 2017

Nifty opened bit higher at 10229 but declined sharply just after opening to register day’s low 10141. Later, Nifty found support in 10150-10140 range and bounced more than 130 points from low to register day’s high 10276 before closing 59 points up at 10252. Yesterday, overall outlook was bullish without any major weakness and 10140-10150 […]

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Nifty Outlook and Trading Strategy before Gujarat 2017 Election

Nifty Outlook and Trading Strategy before Gujarat 2017 Election

| December 10, 2017

Nifty opened higher at 10198 and traded with strength for rest of the day. Nifty bounced by more than 100 points to register day’s high 10170 and finally closed 98 points up at 10265. Friday, Nifty was in negative zone with 10198 as breakeven point and any reversal was expected if Nifty breaks above 10198 […]

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Elliott Wave Trading Strategy of Nifty on RBI’s Policy Meet

Elliott Wave Trading Strategy of Nifty on RBI’s Policy Meet

| December 6, 2017

Nifty opened lower at 10118 and declined further to register low 10069 but bounced from lower levels by more than 70 points to register high 10147 and finally closed 9 point down at 10118. Friday, Nifty was in negative zone with 10214 as breakeven point and 10013-9993 is range on downside from where a small […]

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Nifty can Bounce Above 10490 without Breaking Below 10269

Nifty can Bounce Above 10490 without Breaking Below 10269

| November 24, 2017

Nifty opened higher at 10358 and bounced further to register day’s high 10378 but declined sharply by more than 60 points to register day’s low 10307. Nifty bounced again from lower levels and closed 6 points up at 10348. Yesterday, one more bounce towards 10490-10590 was expected in coming days and 10297-10263 was estimated breakeven/support […]

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Elliott Wave Outlook of Nifty for 22 Nov 2017 Onward

Elliott Wave Outlook of Nifty for 22 Nov 2017 Onward

| November 21, 2017

Nifty opened higher at 10329 and bounced further to register day’s high 10358 but declined sharply by more than 40 points before closing to register day’s low 10315 and finally closed 28 points up at 10326. Yesterday, bounce above 10343 was expected with 10261 as stoploss. I didn’t suggest any exact trade because minimum upside […]

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Nifty Outlook and Trading Strategy for Nov 2017 Expiry

Nifty Outlook and Trading Strategy for Nov 2017 Expiry

| November 16, 2017

Nifty opened higher at 10152 and registered low 10139 but traded with strength for rest of the day. Nifty bounced more than 100 points to register day’s high 10232 and finally closed 96 point up at 10214. Friday, I mentioned that the possibility of bounce towards 10344-10490 is still there and this bounce can be […]

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EW Analysis and Outlook of Nifty for 08 Nov 2017

EW Analysis and Outlook of Nifty for 08 Nov 2017

| November 7, 2017

Nifty opened higher at 10477 and registered high 10485 but failed to sustain at higher levels and trade with huge negativity for rest of the day. Nifty decline more than 140 points from high to register day’s low 10341 and closed 101 points down at 10350. Yesterday, I mentioned that one more bounce above 10490 […]

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Elliott Wave Outlook  of Nifty for 07 Nov 2017 Onward

Elliott Wave Outlook of Nifty for 07 Nov 2017 Onward

| November 7, 2017

Nifty opened lower at 10431, registered low 10413 and bounced back by more than 70 points to register new all time high 10490 but failed to sustain at higher levels and declined back below 10430. Nifty finally closed flat at 10450. Yesterday, I mentioned that outlook of Nifty is positive as there is no sign […]

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EW Analysis and Trading Strategy of Nifty for 02 Nov 2017 Onward

EW Analysis and Trading Strategy of Nifty for 02 Nov 2017 Onward

| November 1, 2017

Nifty opened higher at 10390, bounced sharply after opening and traded with huge strength for rest of the day. Nifty bounced more than 110 points to register day’s high 10451 and closed 105 points up at 10440. Yesterday, I mentioned that outlook of Nifty is positive and there is possibility for one more bounce above […]

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