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

EW Analysis and Outlook of Nifty for 16 Aug 2018 Onward

EW Analysis and Outlook of Nifty for 16 Aug 2018 Onward

| August 15, 2018

Nifty opened bit higher at 11381, registered low 11370 but bounced back by more than 90 points to register day’s high 11452 and closed 79 points up at 11435. Yesterday, there was a possibility of decline towards support range 11273-11136 in coming days with 11365 as immediate resistance and upside breakeven point. For Intraday, minimum […]

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Nifty Outlook Based on Elliott Wave Analysis for 13 Aug 2018 Onward

Nifty Outlook Based on Elliott Wave Analysis for 13 Aug 2018 Onward

| August 11, 2018

Nifty opened almost flat at 11474, registered high 11478 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined by about 50 points to register day’s low 11419 and closed 41 points down at 11429. Yesterday, Nifty was expected to bounce sharply towards 11550-11555 if breaks above […]

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Elliott Wave Analysis of Nifty for 06 Aug 2018 Onward

Elliott Wave Analysis of Nifty for 06 Aug 2018 Onward

| August 4, 2018

Nifty opened higher at 11297, registered low 11294 and traded with strength for rest of the day. Nifty bounced by more than 120 points to register day’s high 11368 and closed 116 points up at 11360. Yesterday, Nifty was in positive zone with 11216 as immediate breakeven point on downside and one more bounce for […]

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Further Elliott Wave Updates of Nifty for 31 July 2018 Onward

Further Elliott Wave Updates of Nifty for 31 July 2018 Onward

| July 30, 2018

This Elliott Wave Analysis report of Nifty for 31 July 2018 is further updates on my last analysis report Nifty can Decline by 83-133 Points Before Breaking Higher above 11335 because there is slight change in wave counts on pattern. Nifty opened higher at 11296, declined to register day’s low 11261 but bounced back and traded […]

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Nifty can Decline by 83-133 Points Before Breaking Higher above 11335

Nifty can Decline by 83-133 Points Before Breaking Higher above 11335

| July 28, 2018

Nifty opened higher at 11232 registered low 11210 but bounced back and traded with strength for rest of the day. Nifty bounced further by more than 110 points to register new life time high 11283 and closed 111 points up at 11278. Yesterday, Nifty was in positive zone with 11089 as breakeven point and further […]

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Further Elliott Wave Updates of Nifty for 27 Jul 2018

Further Elliott Wave Updates of Nifty for 27 Jul 2018

| July 27, 2018

This is Elliott Wave Analysis Report of Nifty for 27 Jul 2018 which I prepared and sent yesterday to clients. I am posting it late because there is change in wave counts and pattern with respect to my previous analysis report. Nifty opened flat at 11132 and traded in 11125-11185 range with volatility. Nifty registered […]

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Elliott Wave Outlook of Nifty for 26 Jul 2018 Expiry

Elliott Wave Outlook of Nifty for 26 Jul 2018 Expiry

| July 25, 2018

Nifty opened higher at 11109 and bounced further to register day’s high 11143 but declined back sharply to register day’s low 11092 and closed 49 points up at 11134. Yesterday, Nifty was expected to decline towards 10893-10756 range in coming days without breaking higher above 11327. And Intraday/very short term decline was expected without breaking […]

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Nifty can Decline Towards 10893-10756 in Coming Days

Nifty can Decline Towards 10893-10756 in Coming Days

| July 14, 2018

Nifty opened bit higher at 11056 and bounced further to register day’s high 11071 but declined back by about 70 points from day’s high to register day’s low 10999 and finally closed 4 points down at 11018. Friday, Nifty was expected to decline towards 10893-10756 in coming days either from present levels or from bit […]

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Fresh EW Counts and Outlook of Nifty for 09 July 2018 Onward

Fresh EW Counts and Outlook of Nifty for 09 July 2018 Onward

| July 8, 2018

Nifty opened lower at 10744, registered low 10735 but bounced back by about 80 points from day’s low to register day’s high 10816 and closed 22 points down at 10772. Friday, Nifty was in very complex type of pattern but one bounce towards 10795-10837 range was expected with 10726 as breakeven point on downside. Trading […]

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Elliott Wave Analysis and Outlook of Nifty for 02 July 2018 Onward

Elliott Wave Analysis and Outlook of Nifty for 02 July 2018 Onward

| July 1, 2018

Nifty opened higher at 10612, bounced further and traded with strength for rest of the day. Nifty bounced by more than 130 points to register day’s high 10723 and closed 125 points up at 10714. Yesterday, Nifty was in very complex type of pattern but one bounce towards 10780-10805 was expected very soon. 10615-10651 was […]

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