Nifty opened flat at 9144 and bounced to register day’s high 9160 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty decline about 40 points from day’s high to register the low 9120 before closing 11 points down at 9139. Friday, a bounce above 9273 was […]
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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Nifty opened flat today at 8629 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined almost 80 points before closing 71 points down at 8561 after registering the low of 8552. In yesterday’s report, expected decline towards 8595-8549 to complete the correction. Overall scenario was “Buying […]
This Elliott Wave analysis report of Nifty is specially prepared covering wave counts on all time frames with medium/long term outlook of Nifty and some important points useful for Elliott Wave Theory learners. Elliott Wave Theory is a never ending wave’s cycle starts from the birth/beginning of any financial script. Nifty born in 1995 and […]
I have marked wave counts on monthly chart of Nifty showing 02 different possibilities as explained on chart given below: But many of my students and learners fails to understand the future outcome of those wave counts mainly because they failed to understand the basic Elliott Wave Cycle explained in First Chapter of my book. Many have […]
Nifty opened mild gap up at 8407 and traded with strength for rest of the day. Nifty bounced more than 80 points to register day’s high 8480 before closing 84 points up at 8475. I expected minimum 182-295 points bounce from 8326-8244 odd range in my earlier report and Nifty already bounced more than 150 […]
Nifty opened mild gap down at 8404 and bounced to register day’s high 8423 but failed to sustain at higher levels and declined sharply by more than 80 points to register day’s low 8340 before closing 85 points down at 8349. Nifty broke 8344-8461 range after 5 sessions. Friday, 8344 was the point below which […]
Nifty opened flat at 8403 and bounced sharply to register day’s high 8460 but failed to sustain at higher levels and declined back by more than 60 points to register day’s low 8397 before closing 19 points up at 8417. Yesterday, same 8344 was the point below which we can think of any reversal and […]
Nifty opened gap up on Friday at 8457 but failed to sustain at higher levels and declined sharply after opening. Nifty declined more than 80 points from day’s high 8461 to register day’s low 8373 before closing 6 points down at 8400. Friday, 8344 was breakeven points and minimum 8454-8499 range was expected on upside. […]
Nifty opened mild gap up at 8391 and bounced further to register day’s high 8417 but traded in very narrow range of 30 points between 8390-8415 for rest of the day. Finally Nifty closed 26 points up at 8407 after registering the low of 8382. Yesterday, 8327 was the breakeven point and a small or […]
Nifty opened gap up at 8262 but again traded in very narrow range of 30 points for whole day. Nifty closed 52 points up at 8288 after registering day’s low 8262 and high 8293, overall it was a dull session after gap up opening. Yesterday, again 8219 was the breakeven point and buying on dips […]
Nifty opened gap up at 8226 and traded with strength for rest of the day, Nifty bounced gradually to register day’s high 8282 before closing 83 points up at 8273. Nifty also achieved long awaited 8274 sharply with speed which I expected in previous medium term report of 27 Dec 2016. Yesterday, I expected either […]