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"

rss feed Author's Website

Deepak Kumar's Latest Posts

Nifty can be Sold in 9679-9709 Range with Stoploss of 9710

Nifty can be Sold in 9679-9709 Range with Stoploss of 9710

| June 7, 2017

Nifty opened higher at 9704 and registered new all time high 9709 but failed to sustain at higher levels and decline back sharply to register day’s low 9630 before closing 37 points down at 9637. Friday, Nifty was expected to bounce towards 9706-9779 at least in near term and 9649 was short term reversal or […]

Continue Reading

Nifty can Bounce Towards 9661-9728 in Coming Sessions

Nifty can Bounce Towards 9661-9728 in Coming Sessions

| June 1, 2017

Nifty opened lower at 9603 and bounced after opening to register day’s high 9634 but failed to sustain at higher levels and decline back to register day’s low 9589 before closing 5 points down at 9616. Yesterday, Nifty was expected to bounce towards 9661-9728 at least in near term and 9581 was short term reversal […]

Continue Reading

Elliott Wave Analysis of Nifty using All Time Frames

Elliott Wave Analysis of Nifty using All Time Frames

| May 29, 2017

Nifty is trading at new all time high and bounced more than 250 points in last 02 sessions. Our most of the wave counts were completing at previous high 9532 but a new wave has been started which breached 9532. So, we need to revise previous wave counts to check or identify the position of […]

Continue Reading

Further Elliott Wave Analysis and Outlook of Nifty for 26 May 2017 Onward

Further Elliott Wave Analysis and Outlook of Nifty for 26 May 2017 Onward

| May 26, 2017

Nifty mild higher at 9384, registered low 9379 and traded with positive bias for rest of the day. Nifty bounced more than 160 points to register high 9523 before closing 149 points up at 9509. Yesterday, a bounce above 9532 was expected in coming days because of corrective decline. So, Nifty was suggested to buy […]

Continue Reading

Nifty can Bounce Above 9532 in Coming Days – Elliott Wave Analysis

Nifty can Bounce Above 9532 in Coming Days – Elliott Wave Analysis

| May 25, 2017

Nifty opened mild higher at 9410, declined till 9386 and then bounced to register day’s high 9431 but failed to sustain at higher levels and declined sharply by 90 points from high to register day’s low 9341 before closing 25 points down at 9360. Yesterday, a possibility of Triple Zigzag correction was expected within the […]

Continue Reading

Elliott Wave Analysis and Further Updates on Nifty Movement for 24 May 2017 Onward

Elliott Wave Analysis and Further Updates on Nifty Movement for 24 May 2017 Onward

| May 24, 2017

Nifty opened flat at 9445 but failed to sustain at higher levels and declined sharply just after opening and traded with negative bias of rest of the day. Nifty declined by more than 60 points to register day’s low 9360 before closing 52 points down at 9386. Yesterday, a decline below 9391 was expected and […]

Continue Reading

Further Elliott Wave Updates of Nifty for 22 May 2017 Onward

Further Elliott Wave Updates of Nifty for 22 May 2017 Onward

| May 22, 2017

sustain at higher levels and declined back sharply by more than 110 points from high to register day’s low 9391 before closing flat at 9427. Friday, a sharp bounce towards 9478 followed by a quick decline towards 9371-9357 was expected and suggested to hold Nifty 9450 Put taken in 40-45 range for the same target. […]

Continue Reading

Nifty can Decline Further Towards 9372-9357 in Coming Sessions

Nifty can Decline Further Towards 9372-9357 in Coming Sessions

| May 19, 2017

Nifty opened huge gap down at 9453 and bounced just after opening to register day’s high 9489 but failed to sustain at higher levels and declined back by more than 100 points to register day’s low 9418 before closing 96 points down at 9429. Yesterday, I mentioned the possibility of small or big correction very […]

Continue Reading

Elliott Wave Analysis and Trading Strategies of Nifty for 11 May 2017

Elliott Wave Analysis and Trading Strategies of Nifty for 11 May 2017

| May 11, 2017

Nifty opened higher at 9339, bounced further after opening and traded with huge strength for rest of the day. Nifty bounced more than 90 points to register new all time high 9414 before closing 90 points up at 9407. Yesterday, same as I had explained in my earlier report, sharp bounce above 9377 for new […]

Continue Reading

Nifty can Bounce Sharply above 9377 for New High Again

Nifty can Bounce Sharply above 9377 for New High Again

| May 7, 2017

Nifty opened higher at 9374 and registered all time high 9377 but failed to stay at higher levels and declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined to register day’s low 9272 before closing 74 points down at 9282. Yesterday, 9323 was fresh stoploss for longs […]

Continue Reading