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

Nifty Outlook and Trading Strategy for 27 April 2018 Onward

Nifty Outlook and Trading Strategy for 27 April 2018 Onward

| April 26, 2018

Nifty opened bit higher at 10586 and consolidated in 10559-10595 range for most of the day but bounced sharply in last 45 minutes of the session to register day’s high 10628 and finally closed 47 points up at 10617. Yesterday, short term outlook was bullish with 10480-10409 as short term support range and I expected […]

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Nifty Outlook and Trading Strategy Near April 2018 Expiry

Nifty Outlook and Trading Strategy Near April 2018 Expiry

| April 24, 2018

Nifty opened almost flat at 10578 and traded with positive bias for rest of the day. Nifty traded in 10569-10636 range and closed 29 points up at 10614. Yesterday, short term outlook was bullish with 10509-10409 as short term support range with the possibility of decline towards this support range. Trading strategy was to buy […]

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Elliott Wave Analysis Report of Nifty for April 2018 Expiry Week

Elliott Wave Analysis Report of Nifty for April 2018 Expiry Week

| April 24, 2018

Nifty opened higher at 10592 and declined sharply after opening to register day’s low 10553 but bounced again by more than 80 points from low to register new day’s high 10638 and closed 20 points down at 10584. (Today’s low based on data is 10514 but actual low on chart is 10553, this will be […]

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Elliott Wave Analysis Report of Nifty for 19 April 2018 Onward

Elliott Wave Analysis Report of Nifty for 19 April 2018 Onward

| April 18, 2018

Nifty opened bit higher at 10578 an bounced further to register day’s high 10594 but failed to sustain at those levels and decline sharply by more than 80 points to register day’s low 10509 and finally closed 22 points down at 10526. Yesterday, short term outlook was bullish with 10454-10388 as short term support range […]

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Elliott Wave Outlook of Nifty for 10 April 2018 Onward

Elliott Wave Outlook of Nifty for 10 April 2018 Onward

| April 9, 2018

Nifty opened flat at 10333, registered low 10290 but bounced from lower levels and traded with strength for rest of the day. Nifty bounced to register day’s high 10397 and finally closed 47 points up at 10397. Friday, short term outlook was bullish with 10293-10258 as support range on downside and 10389-10454 as expected target […]

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Nifty is Still Bullish for Medium and Long Term – Fresh EW Analysis on All Time Frames

Nifty is Still Bullish for Medium and Long Term – Fresh EW Analysis on All Time Frames

| March 26, 2018

Nifty declined more than 1200 points from high and the chart are giving some clarity at higher time frames now. So, today I am revising wave counts on all time frames to identifying the changes and to conclude the further possible road map of Nifty in Long, Medium and Short Term. Friday, the Ending Diagonal […]

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Nifty can Bounce by 300-400 Points from 10141-10083 Range

Nifty can Bounce by 300-400 Points from 10141-10083 Range

| March 19, 2018

Nifty opened lower at 10345, decline sharply just after opening and traded with huge negativity for rest of the day. Nifty declined by about 180 points to register day’s low 10180 and closed 165 points down at 10195. Yesterday, I expected an Ending Diagonal Triangle in progress and a decline below 10141 was expected without […]

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Outlook and Trading Strategy of Nifty for 16 Mar 2018 Onward

Outlook and Trading Strategy of Nifty for 16 Mar 2018 Onward

| March 16, 2018

Nifty opened almost flat at 10405 and bounced further to register day’s high 10420 but failed to sustain at higher levels and decline by more than 70 points to register day’s low 10346 and finally closed 50 points down at 10360. Yesterday, I expected an Ending Diagonal Triangle in progress and 10440 was the point […]

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Nifty Analysis and Trading Strategy for 07 Mar 2018 Onward

Nifty Analysis and Trading Strategy for 07 Mar 2018 Onward

| March 7, 2018

Nifty opened higher at 10420 and bounced further to register day’s high 10441 but failed to sustain at higher levels decline by more than 220 points from day’s high to register low 10215 and closed 109 points down at 10249. Yesterday, Nifty was in short term negative zone with 10403 as breakeven point and a […]

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Elliott Wave Outlook and Trading Srategy for 01 March 2018

Elliott Wave Outlook and Trading Srategy for 01 March 2018

| March 1, 2018

Nifty opened lower at 10488, registered low 10461 and traded with positive bias for rest of the day with range bound volatility. Nifty traded in 10535-10461 range for whole day and closed 61 points down at 10492. Yesterday, the overall wave counts were suggesting one more decline for low below 10276, most probably from 10637-10829 […]

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