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 Budget Day 29 Feb 2016 Onwards

Elliott Wave Outlook of Nifty for Budget Day 29 Feb 2016 Onwards

| February 28, 2016

Nifty opened huge gap up at 7039 and bounced till 7052 but failed to sustain at higher levels and declined to register day’s low 6985. Nifty bounced from lower levels again till 7050 before closing 59 points up at 7029. Overall, it was a Volatile Day with Up-Down-Up swings. Yesterday, I expected a small bounce […]

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Nifty Indicating Cautions for Decline Below 6869 Again – EW Analysis for 22 Feb Onwards

Nifty Indicating Cautions for Decline Below 6869 Again – EW Analysis for 22 Feb Onwards

| February 21, 2016

Nifty opened mild gap down on Friday at 7170 and declined till 7145 but bounced again from lower levels to register day’s high of 7226 before closing 19 points up at 7210. Friday I mentioned that Nifty is in the middle of a wave. Either we can sell in 7284-7291 range or we can buy […]

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Elliott Wave Analysis Report of Nifty for 12 Feb 2016

Elliott Wave Analysis Report of Nifty for 12 Feb 2016

| February 12, 2016

Nifty have shown a good decline of more than 250 points today and also broke below 7000. After opening flat at 7203 started declining and traded with huge weakness for rest of the day. Nifty declined gradually till 7659 before closing huge 239 points down at 7976. Today’s I am not showing counts but structure […]

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Nifty can be Bought In 7409-7393 Range for Sudden Bounce above 7487 – EW Analysis for 29 Jan 2016

Nifty can be Bought In 7409-7393 Range for Sudden Bounce above 7487 – EW Analysis for 29 Jan 2016

| January 28, 2016

Nifty opened gap down at 7426 and declined sharply till 7409 but bounced sharply from lower levels to rise gradually till 7468. But Nifty crashed again from 7468 to 7417 just before closing 13 points down at 7424. Overall it was a typical volatile day on Expiry. Yesterday I mentioned that “Nifty to bounce till […]

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Nifty Can Bounce Till 8200-8400 Followed by Crash Again – Analysis on 17 Jan 2016

Nifty Can Bounce Till 8200-8400 Followed by Crash Again – Analysis on 17 Jan 2016

| January 18, 2016

Nifty opened gap up at 7561 but failed to sustain at higher levels and trade with weakness for rest of the day. Nifty declined more than 130 points from day’s high to register day’s low of 7427 before closing huge 99 points down at 7437. On Friday, I expected a decline below 7425 again without […]

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Nifty is Highly Bullish for Long Term – Elliott Wave Analysis as on 05 Jan 2016

Nifty is Highly Bullish for Long Term – Elliott Wave Analysis as on 05 Jan 2016

| January 5, 2016

Today I am preparing all time frames Elliott Wave analysis report of Nifty. Though there is no major change in long term counts but still preparing a fresh report as last long term analysis report I prepared 04 months back on 07 Sep 2015. This analysis report will cover all time frame wave counts of […]

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Elliott Wave Updates of Nifty for 29 Dec 2015 Onwards

Elliott Wave Updates of Nifty for 29 Dec 2015 Onwards

| December 28, 2015

This Elliott Wave Analysis Report of Nifty for 29 Dec 2015 I am posting as updates on my yesterday’s report Elliott Wave Outlook of Nifty for Dec 2015 Expiry Week as outlook given in this report is almost failed. Nifty opened flat today at 7963 but bounced sharply and traded with strength for whole day. Nifty bounced […]

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Elliott Wave Outlook of Nifty for Dec 2015 Expiry Week

Elliott Wave Outlook of Nifty for Dec 2015 Expiry Week

| December 28, 2015

Nifty opened gap up at 7888 but declined sharply just after opening and consolidated with negative bias for rest of the day. Finally Nifty closed just 4 points down at 7861 after giving low of 7835. In my last report, I expected weakness at higher levels and suggested “If Nifty trades below opening price continuously […]

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Elliott Wave Outlook of Nifty for 22 to 24 Dec 2015

Elliott Wave Outlook of Nifty for 22 to 24 Dec 2015

| December 21, 2015

Nifty opened flat today at 7745 and registered low of 7733 but bounced from lower levels and traded with strength for rest of the day to rise more than 100 points from day’s low. Finally Nifty closed 72 points up at 7834 after giving high of 7840. Yesterday I suggested to buy Nifty if trades […]

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Identification and Importance of Irregular Correction formed on 17 Dec 2015

Identification and Importance of Irregular Correction formed on 17 Dec 2015

| December 17, 2015

Nifty opened gap up today at 7883 as expected but started falling after hitting 7800 and declined gradually till 7737. But again Nifty bounced sharply from lower levels to rise more than 110 points from low before closing 93 points up at 7844. Yesterday I expected that Nifty can bounce minimum till 7803-7845 without breaking […]

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