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Elliott Wave Updates and Outlook of Nifty for 08 July 2016

Elliott Wave Updates and Outlook of Nifty for 08 July 2016

| July 7, 2016

Nifty opened flat today at 8342 and consolidated with 8340-8320 for half of the session. Nifty bounced by 40 points in second half to register day’s high 8262 but declined again before closing 2 points up at 8337. In my last report, I mentioned that 8317-8267 range is possible with volatility (up-down swings) and any […]

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Elliott Wave Analysis and Outlook of Nifty for 07 July 2016 Onward

Elliott Wave Analysis and Outlook of Nifty for 07 July 2016 Onward

| July 6, 2016

Nifty opened almost flat on Tuesday at 8379 and traded with weakness for rest of the day. Nifty declined about 50 points from previous close to register day’s low 8319 before closing 35 points down at 8335. In my last report, I mentioned that a very immediate top is very near and expected a 23%-38% […]

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Elliott Wave Analysis and Outlook of Nifty for 01 July 2016 Onward

Elliott Wave Analysis and Outlook of Nifty for 01 July 2016 Onward

| July 1, 2016

Nifty again opened gap up at 8260 and traded with positive bias rest of the day. Nifty bounced more than 100 points from previous close to register day’s high 8308 before closing 8287. Yesterday, stoploss for existing/positional longs (taken after break above 8111 with stoploss 8093) and breakout point was 8146 expecting minimum upside levels […]

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Further Update on Elliott Wave Outlook of Nifty on BREXIT

Further Update on Elliott Wave Outlook of Nifty on BREXIT

| June 23, 2016

This analysis report I am posting for further updates on my yesterday’s report Elliott Wave Outlook of Nifty on Important Event of BREXIT as Nifty is very nearer to the first targets and margin of difference between minimum and maximum range is very less. This report is also for my students and learners for their future reference […]

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Elliott Wave Outlook of Nifty on Important Event of BREXIT

Elliott Wave Outlook of Nifty on Important Event of BREXIT

| June 22, 2016

Nifty opened almost flat at 8213 and bounced marginally till 8238 but failed to sustain at higher levels and declined more than 80 points from high to register day’s low 8153. Nifty bounced again from low by 50 points before closing 16 points down at 8203. In Yesterday’s report, I expected a decline till 8160-8110 […]

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Elliott Wave Outlook of Nifty for 21 Jun 2016 Onward

Elliott Wave Outlook of Nifty for 21 Jun 2016 Onward

| June 21, 2016

Nifty opened gap down today at 8115 but bounced sharply and traded with huge strength for rest of the day. Nifty bounced more than 130 points from day’s low 8107 to register day’s high 8244 before closing 68 points up at 8238. In Yesterday’s report, I expected a bounce till 8210-8257 with very immediate stoploss […]

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Example of Ending Diagonal Triangle Pattern on Nifty Chart

Example of Ending Diagonal Triangle Pattern on Nifty Chart

| June 10, 2016

This analysis is part of my “Elliott Wave Analysis Report of Nifty for 10 Jun 2016” which I prepared yesterday and sent yesterday to my student/subscriber and I am posting here for my students/learners for their future reference as there is good example of “Ending Diagonal Triangle (ED)” in this report. This analysis report is not complete and […]

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Elliott Wave Analysis Updates of Nifty for 06 June 2016

Elliott Wave Analysis Updates of Nifty for 06 June 2016

| June 5, 2016

Nifty opened gap up on Friday at 8246 and further bounced till 8262 but failed to sustain at higher levels and started falling gradually for rest of the day to register day’s low 8210 before closing just 1 point up at 8220. For Friday, I suggested to keep initial stoploss for longs at 8197 and […]

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Probable Elliott Wave Counts of Nifty from 29 Feb 2016 Low 6825

Probable Elliott Wave Counts of Nifty from 29 Feb 2016 Low 6825

| June 5, 2016

Though I had mentioned in my every daily analysis report from last 4-5 days that the wave counts for the move of Nifty from 29 Feb 2016 low 6825 is not completely clear and we need to concentrate only on the last bounce started from 7715 for immediate trades until we see any confident pattern […]

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Elliott Wave Analysis Report of Nifty for 30 May 2016

Elliott Wave Analysis Report of Nifty for 30 May 2016

| May 29, 2016

Nifty again opened gap up on Friday at 8081 and traded with huge strength for rest of the day. Nifty bounced more than 90 points from previous close to register day’s high 8164 before closing 87 points up at 8156. Friday I expected Nifty to bounce till 8114 and some decline after achieving 8114. Suggested […]

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