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

Elliott Wave Outlook of Nifty for April 2016 Expiry Onwards

Elliott Wave Outlook of Nifty for April 2016 Expiry Onwards

| April 27, 2016

Nifty opened bit lower today at 7942 but bounced sharply from low to break yesterday high followed by a range bound move for rest of the day. Finally Nifty closed 17 points up at 7979 after registering low of 7940 and high of 7991. Yesterday I expected a bounce from lower levels and suggested buying […]

Continue Reading

Elliott Wave Updates of Nifty for 08 April 2016

Elliott Wave Updates of Nifty for 08 April 2016

| April 8, 2016

This analysis report of Nifty for 08 April 2016 I am publishing as updates on my previous report Nifty Can Bounce Above 7777 Once Again Before Further Decline as pattern I had explained is negated after a touch of 7585. Nifty opened gap up today at 7630 but declined sharply just after opening and traded with negative […]

Continue Reading

Nifty Can Bounce Above 7777 Once Again  Before Further Decline

Nifty Can Bounce Above 7777 Once Again Before Further Decline

| April 5, 2016

Please read whole Elliott Wave Analysis Report of Nifty till end. Don’t read just the title but read all the conditions and probabilities explained below. Nifty opened gap down today at 7736 and traded with weakness for rest of the day. Nifty declined about 170 points from previous close with huge volatility to register day’s […]

Continue Reading

Elliott Wave Update of Capital First Ltd (CAPF) as on 31 March 2016

Elliott Wave Update of Capital First Ltd (CAPF) as on 31 March 2016

| March 31, 2016

This Elliott Wave Analysis report of Capital First Ltd (CAPF) is update on my previous analysis report Capital First Limited (CAPF) can achieve 464-551 without breaking below 320, CMP 359 prepared on 28 Feb 2016 where I expected this stock to bounce till 464-551 in medium term without breaking below 320 when stock was trading […]

Continue Reading

Nifty is Preparing for a Good Decline in Coming Days – Elliott Wave Analysis

Nifty is Preparing for a Good Decline in Coming Days – Elliott Wave Analysis

| March 30, 2016

Nifty opened gap up at 7651 and traded with huge strength for rest of the day. Nifty bounced gradually till 7741 without even a single correction in between and closed huge 138 points up at 7735. Yesterday I explained 02 conditions. Either Nifty can bounce from 7582-7548 levels or Nifty can bounce above 7652 even […]

Continue Reading

Elliott Wave Analysis Report of Nifty for 30 March 2016 – Importance of Learning

Elliott Wave Analysis Report of Nifty for 30 March 2016 – Importance of Learning

| March 30, 2016

Nifty opened flat today at 7606 and bounced sharply till 7645 but failed to sustain at higher levels and declined again to register day’s low 7582. Then again Nifty bounced by 70 points to register day’s high 7652 followed by decline below 7590 again before closing 18 points down at 7597. Overall it was a […]

Continue Reading

Nifty Outlook for March 2016 Expiry Week  – Elliott Wave Analysis

Nifty Outlook for March 2016 Expiry Week – Elliott Wave Analysis

| March 27, 2016

Nifty opened flat at 7717 and declined gradually to register day’s low 7670 at 11:30. But Nifty showed intraday strength at lower levels and bounced again to register day’s high 7726 before closing flat at 7716. In my previous report I expected Nifty to rise minimum 7732 whereas 7757-7787 is also possible and stoploss for […]

Continue Reading

Elliott Wave Analysis Report of Nifty for 23 March 2016 – Importance of Fibonacci Calculations

Elliott Wave Analysis Report of Nifty for 23 March 2016 – Importance of Fibonacci Calculations

| March 22, 2016

Nifty opened mild gap down at 7695 and started declining from 7711. Nifty declined about 70 points from high to register day’s low 7643 but bounced sharply from lower levels to register new day’s high 7728 before closing 10 points up at 7714. Yesterday I expected 7741-7757 on upside in near term and 7623 was […]

Continue Reading

Elliott Wave Analysis Report of Nifty for 22 March 2016

Elliott Wave Analysis Report of Nifty for 22 March 2016

| March 21, 2016

Nifty opened gap up at 7619 and traded strength for rest of the day with volatility. First Nifty broke above 7659 followed by a correction till 7628 but bounced again above 7700 to register day’s high 7713 before closing 99 points up at 7704. Yesterday I mentioned that 7622-7659 is a crucial range and explained […]

Continue Reading

Nifty is Warning Cautions for Good Decline from 7622-7659 Range – EW Analysis for 18 March 2016 Onwards

Nifty is Warning Cautions for Good Decline from 7622-7659 Range – EW Analysis for 18 March 2016 Onwards

| March 17, 2016

Nifty opened gap up at 7557 and bounced till 7585 but failed to sustain at higher levels and declined more than 100 points from high to register day’s low 7479 before closing 13 points up at 7512. Nifty bounced till 7585 but again failed to break 7600-7400 range and closed within 40 points range 7500. […]

Continue Reading