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 Analysis Report of Nifty for 17 Jun 2019

Elliott Wave Analysis Report of Nifty for 17 Jun 2019

| June 16, 2019 | 1 Comment

Nifty opened almost flat at 11910, registered high 11911 but traded with negative bias for whole session and declined by more than 110 points to register day’s low 11797 and closed 90 points down at 11823. Yesterday, 11922-11930 was immediate resistance and 12000 was pattern negation point. Decline for one more low below 11769 was […]

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Nifty Trading Strategy for 03 Jun 2019 – Elliott Wave Analysis

Nifty Trading Strategy for 03 Jun 2019 – Elliott Wave Analysis

| June 2, 2019

Nifty opened higher at 11999 and bounced further to register day’s high 12039 but failed to sustain at higher levels and declined sharply by 210 points to register day’s low 11829 and finally closed 23 points down at 11922. Friday, 11917 was downside breakeven point and bounce towards 11971-12002 was expected but 12053 was good […]

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Nifty Outlook for 31 May 2019 Based on Elliott Wave Analysis

Nifty Outlook for 31 May 2019 Based on Elliott Wave Analysis

| May 30, 2019

Nifty opened almost flat at 11865, registered low 11859 and bounce by more than 100 points to register day’s high 11967 and finally closed 84 points up at 11945. Friday, Nifty was positive with 11864-11842 as short term support and minimum bounce towards 11967-12048 was expected. 11826 was downside Breakeven Point and any short term […]

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Nifty Outlook and Trading Strategy for 30 May 2019 Expiry

Nifty Outlook and Trading Strategy for 30 May 2019 Expiry

| May 29, 2019

Nifty opened lower at 11905, bounced to register day’s high 11931 but failed to sustain at higher levels and declined by 90 points to register day’s low 11836 and finally closed 67 points down at 11861. Friday, overall 11697-11484 was major support and 11484 for major downside trend reversal point. 11916 was immediate breakeven point […]

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Nifty Outlook for 28 May 2019 Based On Elliott Wave Analysis

Nifty Outlook for 28 May 2019 Based On Elliott Wave Analysis

| May 27, 2019

Nifty opened higher at 11858, declined to register day’s low 11812 but bounced back by more than 140 points to register day’s high 11957 and closed 80 points up at 11924. Friday, overall 11697-11484 was major support and 11484 for major downside trend reversal point. 11811-11782 was immediate support and 11940-11984 was immediate resistance. Any […]

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Elliott Wave Analysis Report of Nifty for 27 May 2019

Elliott Wave Analysis Report of Nifty for 27 May 2019

| May 26, 2019

Nifty opened higher at 11748, declined by 90 points to register day’s low 11658 but bounced back again by 200 points to register day’s high 11859 and finally closed 187 points up at 11844. Friday, overall 11697-11484 for major support and 11484 for major downside trend reversal point. 11707 was immediate upside breakeven point and […]

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11484 is Major Trend Reversal Point of Nifty Between 10585-12250

11484 is Major Trend Reversal Point of Nifty Between 10585-12250

| May 24, 2019

Nifty opened higher at 11901, bounced further to register new life time high 12041 but failed to sustain at higher levels and declined back by more than 400 points to register day’s low 11614 and closed 80 points up at 11657. Yesterday, overall pattern was indicating bounce of 296-478 point from 11706-11598 range and downward […]

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Elliott Wave Analysis Report of Nifty for 23 May 2019

Elliott Wave Analysis Report of Nifty for 23 May 2019

| May 22, 2019

Nifty opened bit higher at 11728, declined to register day’s low 11682 but bounced back by more than 100 points to register day’s high 11784 and closed 28 points up at 11737. Yesterday, overall pattern was indicating bounce towards 12252 with 11706-11598 as support but I advised to concentrate on internal wave patterns for trading. […]

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Nifty Support, Resistance and Targets for 22 May 2019

Nifty Support, Resistance and Targets for 22 May 2019

| May 21, 2019

Nifty opened higher at 11863, bounced further to register high 11883 but failed to sustain at higher levels and declined back by 200 points to register day’s low 11682 and closed 119 points down at 11709. Yesterday, overall pattern was indicating bounce towards 12252 with 11677-11574 as support but I advised to concentrate on internal […]

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Nifty Outlook Bases on EW Analysis for 21 May 2019

Nifty Outlook Bases on EW Analysis for 21 May 2019

| May 21, 2019

Nifty opened more than 240 points up at 11651, decline to register low 11591 but bounced back again by 250 points to register day’s high 11845 and closed 421 points up at 11828. Yesterday, Overall outlook of Nifty was not clear and we just had 11357-11315 as support and 11315 as downside trend reversal point. […]

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