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Elliott Wave Analysis and Further Updates on Nifty Movement for 24 May 2017 Onward

Elliott Wave Analysis and Further Updates on Nifty Movement for 24 May 2017 Onward

| May 24, 2017

Nifty opened flat at 9445 but failed to sustain at higher levels and declined sharply just after opening and traded with negative bias of rest of the day. Nifty declined by more than 60 points to register day’s low 9360 before closing 52 points down at 9386. Yesterday, a decline below 9391 was expected and […]

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Further Elliott Wave Updates of Nifty for 22 May 2017 Onward

Further Elliott Wave Updates of Nifty for 22 May 2017 Onward

| May 22, 2017

sustain at higher levels and declined back sharply by more than 110 points from high to register day’s low 9391 before closing flat at 9427. Friday, a sharp bounce towards 9478 followed by a quick decline towards 9371-9357 was expected and suggested to hold Nifty 9450 Put taken in 40-45 range for the same target. […]

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Nifty can Decline Further Towards 9372-9357 in Coming Sessions

Nifty can Decline Further Towards 9372-9357 in Coming Sessions

| May 19, 2017

Nifty opened huge gap down at 9453 and bounced just after opening to register day’s high 9489 but failed to sustain at higher levels and declined back by more than 100 points to register day’s low 9418 before closing 96 points down at 9429. Yesterday, I mentioned the possibility of small or big correction very […]

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Elliott Wave Analysis and Trading Strategies of Nifty for 11 May 2017

Elliott Wave Analysis and Trading Strategies of Nifty for 11 May 2017

| May 11, 2017

Nifty opened higher at 9339, bounced further after opening and traded with huge strength for rest of the day. Nifty bounced more than 90 points to register new all time high 9414 before closing 90 points up at 9407. Yesterday, same as I had explained in my earlier report, sharp bounce above 9377 for new […]

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Nifty can Bounce Sharply above 9377 for New High Again

Nifty can Bounce Sharply above 9377 for New High Again

| May 7, 2017

Nifty opened higher at 9374 and registered all time high 9377 but failed to stay at higher levels and declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined to register day’s low 9272 before closing 74 points down at 9282. Yesterday, 9323 was fresh stoploss for longs […]

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Nifty can Bounce Towards 9380-9449 in Coming Sessions

Nifty can Bounce Towards 9380-9449 in Coming Sessions

| May 2, 2017

Nifty opened higher at 9339 and bounced to register day’s high 9352 but failed to sustain at higher levels and declined by more than 80 points from day’s high to register day’s low 9369 before closing 9 points up at 9313. Yesterday, same 9257 was the reversal point and stoploss for all longs and sharp […]

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Nifty can Bounce Sharply Towards 9406-9470 in Coming Sessions

Nifty can Bounce Sharply Towards 9406-9470 in Coming Sessions

| April 28, 2017

Nifty opened mild higher at 9359 and consolidated in 45 points range between 9322-9367 for rest of the day. Finally Nifty closed just 9 points down at 9342. Yesterday, 9257 was the reversal point and stoploss for longs and bounce towards 9406-9470 was expected in coming days. Also suggested to buy Nifty if decline towards […]

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Nifty Likely to Give Good Move Either Side – Elliott Wave Analysis

Nifty Likely to Give Good Move Either Side – Elliott Wave Analysis

| April 18, 2017

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 […]

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Elliott Wave Analysis and Trading Strategies of Nifty for 17 April 2017

Elliott Wave Analysis and Trading Strategies of Nifty for 17 April 2017

| April 15, 2017

Nifty opened flat at 9202 but declined sharply just after opening and traded with negative bias of rest of the day. Nifty decline by more than 50 points to register day’s low 9144 before closing 52 points down at 9150. Friday, a bounce above 9273 was expected without breaking below 9131 and suggested to buy […]

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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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