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 13 April 2017 Onward

Elliott Wave Outlook of Nifty for 13 April 2017 Onward

| April 13, 2017

Nifty opened flat today at 9246 but declined sharply just after opening. Nifty decline by more than 80 points to register day’s low 9161 followed by bounce again towards 9226 and finally closed 33 points down at 9203. Yesterday, 9207 was stoploss for existing longs for upside targets 9273-9330. Shorts were not suggested even if […]

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Elliott Wave Outlook of Trading Strategy of Nifty for 11 April 2017

Elliott Wave Outlook of Trading Strategy of Nifty for 11 April 2017

| April 11, 2017

Nifty opened higher at 9225 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined to register day’s low 9174 and finally closed 16 points down at 9181. Yesterday, 9177 was breakeven point on downside and 9219 was breakeven point on upside. I suggested to buy […]

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Elliott Wave Analysis and Outlook of Nifty for 10 April 2017 Onward

Elliott Wave Analysis and Outlook of Nifty for 10 April 2017 Onward

| April 9, 2017

Nifty opened lower at 9223 and bounced to register day’s high 9250 but failed to sustain at higher levels and declined again to register new day’s low 9188 before closing 63 points down at 9198. Yesterday, 9249 was breakeven point and suggested to sell Nifty even if touch 9248 using stoploss of 9267 expecting minimum […]

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Elliott Wave Outlook of Nifty for 06 April 2017 Onward

Elliott Wave Outlook of Nifty for 06 April 2017 Onward

| April 6, 2017

Nifty opened higher at 9264 and declined to register day’s low 9215 but bounced again from lower levels to register day’s high 9273 before closing 27 points up at 9265. Yesterday, 9207 was breakeven point and 9199 was stoploss of existing longs. Further, suggested to buy April 9300 put if Nifty trades below opening price […]

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Elliott Wave Analysis and Outlook of Nifty for 03 April 2017 Onward

Elliott Wave Analysis and Outlook of Nifty for 03 April 2017 Onward

| April 2, 2017

Nifty opened slightly lower at 9158 but bounced from lower levels and consolidated in 9152-9191 range for rest of the day. Finally Nifty closed just 5 points down at 9173. Yesterday, waves were suggesting either bounce above 9218 or decline below 9019 with 9131 as breakeven point. 9131 was stoploss for longs and shorts were […]

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Elliott Wave Outlook of Nifty for March 2017 Expiry Week

Elliott Wave Outlook of Nifty for March 2017 Expiry Week

| March 26, 2017

Nifty opened higher at 9104 and registered the low of 9089 but traded with strength for rest of the day. Nifty bounced more than 40 points to registered day’s high 9133 before closing 21 points up at 9108. Yesterday, 9074 was the fresh stoploss for longs and bounce towards 9131-9141 was expected. Suggested to hold […]

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Elliott Wave Analysis Report of Nifty for 22 March 2017

Elliott Wave Analysis Report of Nifty for 22 March 2017

| March 22, 2017

Nifty opened mild higher at 9133 and bounced further to register day’s high 9147 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined by about 60 points from day’s high to register day’s low 9087 before closing 5 points down at 9122. Nifty also broke below […]

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Nifty is Warning Cautions for Decline towards 8537-8327 – EW Analysis as on 02 Feb 2017

Nifty is Warning Cautions for Decline towards 8537-8327 – EW Analysis as on 02 Feb 2017

| February 2, 2017

This Elliott Wave analysis report of Nifty for 02 Feb 2017 I am posting on my blog because this report has Elliott Wave counting on 1 minute chart which can be used as practical example by my students/book subscriber in future. Nifty opened flat at 8570 and consolidated between 8540-8560 in first half but bounced […]

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Nifty Can Bounce Towards 8672-8765 Without Breaking Below 8519 on Budget Day

Nifty Can Bounce Towards 8672-8765 Without Breaking Below 8519 on Budget Day

| January 31, 2017

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 […]

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Elliott Wave Counts of Nifty on All Time Frames  – Long Term Outlook

Elliott Wave Counts of Nifty on All Time Frames – Long Term Outlook

| January 30, 2017

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 […]

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