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Elliott Wave Report of Nifty for 23 Oct 2015

Elliott Wave Report of Nifty for 23 Oct 2015

| October 22, 2015

Nifty opened flat at 8258 on Wednesday and traded with positive bias till afternoon session to register day’s high of 8294 but again fell sharply without achieving 8298. Nifty declined almost 80 points from high in just 60 minutes followed by recovery before closing 9 points down at 8251. Let’s have a fresh look at […]

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Nifty Elliott Wave Analysis for the Week Commencing 19 Oct 2015

Nifty Elliott Wave Analysis for the Week Commencing 19 Oct 2015

| October 18, 2015

Last week was the dull week where nifty moved within just 50-80 points except sudden rise of 90 points on Friday just before closing. Nifty opened last week at 8231 and closed at 8238 after giving low of 8088. Overall last week was without any trading activity as no trade triggered as per conditions because […]

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Most Probable Elliott Wave Counts of Nifty as on 12 Oct 2015

Most Probable Elliott Wave Counts of Nifty as on 12 Oct 2015

| October 11, 2015

Last week Nifty broke above 8055 and negated the pattern which I was expecting previously. It also triggered our stoploss for shorts I mentioned in my previous analysis report Nifty can be sold in 7970-8021 Range for Minimum Target 7541 . And negation of previous pattern forced me to look at bigger picture again. So, […]

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Nifty can be Sold in 7970-8021 Range for Minimum Target 7541

Nifty can be Sold in 7970-8021 Range for Minimum Target 7541

| September 30, 2015

Nifty opened huge gap up today at 7924 and declined till 7874 followed by range bound consolidation between 7880-7920. Finally, Nifty gave breakout above 7924 and bounced till 7957 before closing 105 points up at 7948. Nifty bounced till 7926 yesterday and declined 100 points from there and I thought wave (2) may be completed […]

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Elliott Wave Outlook of Nifty for 30 Sep 2015 Onwards

Elliott Wave Outlook of Nifty for 30 Sep 2015 Onwards

| September 29, 2015

Nifty opened Gap down today at 7725 followed by a decline till 7691 but bounced sharply at 11 AM after RBI announced 0.5% rate cut and rise gradually to hit day’s high of 7926. But Nifty failed to sustain at higher levels and declined 100 points from high before closing 47 points up at 7843. […]

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Elliott Wave Analysis and Updates of Nifty for 29 Sep 2015

Elliott Wave Analysis and Updates of Nifty for 29 Sep 2015

| September 28, 2015

Nifty opened gap up today at 7892 and declined sharply to 7831 after opening followed by a range bound consolidation between 7840-7890. But Nifty failed to sustain at higher levels and crashed 100 points from high in last one hour before closing 72 points down at 7795 after registering low of 7787. We didn’t have […]

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Nifty Elliott Wave Analysis and Outlook for the Week Commencing 28 Sep 2015

Nifty Elliott Wave Analysis and Outlook for the Week Commencing 28 Sep 2015

| September 26, 2015

Nifty opened gap down at 7838 followed by a sharp decline till 7804 but shown strength at lower levels and bounced gradually with volatility to register day’s high of 7894 before closing 22 points up at 7868. I suggested part profit booking at lower levels on Thursday with 7883 as stoploss for rest as there […]

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Elliott Wave Analysis Updates of Nifty for 24 Sep 2015

Elliott Wave Analysis Updates of Nifty for 24 Sep 2015

| September 23, 2015

Nifty opened gap down today at 7737 and started recovering gradually after giving low of 7723 to bounce almost 160 points from low. Finally Nifty closed 33 points up at 7845 after giving day’s high of 7882. Nifty opened Gap down below 7787, achieved 7753-7706 range and also bounced 70-140 points from low as expected […]

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Nifty Elliott Wave Analysis Updates for 23 Sep 2014

Nifty Elliott Wave Analysis Updates for 23 Sep 2014

| September 22, 2015

Nifty opened gap up today at 8014 but started declining without breaking above 8023. Nifty consolidated in 7980 -8010 range for couple of hours followed by a crash of more than 200 points before closing 165 points down at 7812. Nifty declined as we expected and also break below 7879 confirming 8055 as top. Read […]

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Nifty Can Decline Below 7541 in Coming Days – EW Analysis on 20 Sep 2015

Nifty Can Decline Below 7541 in Coming Days – EW Analysis on 20 Sep 2015

| September 20, 2015

Nifty opened huge gap up at 7965 on Friday and bounced sharply till 8055 in morning sessions where it consolidated for a while but failed to sustain at higher levels and declined 90 points from high before closing 82 points up at 7981. There was some confusion in pattern which I mentioned in my last […]

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