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Elliott Wave Outlook of Nifty for 11 Jan 2017 Onward

Elliott Wave Outlook of Nifty for 11 Jan 2017 Onward

| January 10, 2017

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 […]

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Elliott Wave Outlook of Nifty After Break Above 8274 – Example of Leading Diagonal

Elliott Wave Outlook of Nifty After Break Above 8274 – Example of Leading Diagonal

| January 6, 2017

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 […]

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Further Elliott Wave Updates of Nifty after Break Below 7916

Further Elliott Wave Updates of Nifty after Break Below 7916

| December 27, 2016

Nifty opened mild gap down at 7965 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined more than 80 points before closing 77 points down at 7908. Yesterday, one more decline towards 7942-7932 was expected and then suggested to buy Nifty in 7942-7932 range using exact […]

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Elliott Wave Analysis Report of Nifty for Dec 2016 Expiry Week

Elliott Wave Analysis Report of Nifty for Dec 2016 Expiry Week

| December 25, 2016

Nifty opened flat at 7972 and declined further to register day’s low 7942 but bounced sharply from lower by 80 points to register day’s high 8022 before closing 6 points up at 7985. Yesterday, trading strategy was to buy Nifty if “traders above opening price and breaks 8019” or “if achieve 7937 following by trade […]

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Elliott Wave Analysis and Outlook of Nifty for 23 Dec 2016

Elliott Wave Analysis and Outlook of Nifty for 23 Dec 2016

| December 22, 2016

Nifty opened gap down today at 8043 and traded with negative bias for rest of the day. Nifty declined more than 90 points to register day’s low 7964 before closing 82 points down at 7979. Yesterday, trading strategy was “If Nifty “fails to touch 8077” and “trades below opening price at 9:31 AM” then shorts […]

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Elliott Wave Analysis Report of Nifty for 21 Dec 2016

Elliott Wave Analysis Report of Nifty for 21 Dec 2016

| December 20, 2016

Nifty opened flat at 8110 and bounced to register day’s high 8124 but failed to sustain at higher levels and trade with negative bias for rest of the day. Nifty declined by 60 points from day’s high to register day’s low 8062 before closing 21 points down at 8082. Yesterday, stoploss for existing/fresh shorts was […]

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Elliott Wave Updates of Nifty for 14 Dec 2016

Elliott Wave Updates of Nifty for 14 Dec 2016

| December 14, 2016

Nifty opened mild gap up at 8196 and declined sharply to register day’s low 8155 but bounced from lower levels and traded with positive bias for rest of the day. Nifty bounced by 70 points from low to register day’s high 8228 before closing 51 points up at 8221. Yesterday, shorts were suggested in 8182-8199 […]

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Elliott Wave Outlook of Nifty for 13 Dec 2016 Onward – Possibility of Irregular Correction

Elliott Wave Outlook of Nifty for 13 Dec 2016 Onward – Possibility of Irregular Correction

| December 13, 2016

Nifty opened gap down at 8230 and traded with negative bias for rest of the day. Nifty declined more than 100 points to register day’s low 8154 before closing 90 points down at 8170. In my last report, I suggested to book part profit in existing longs in 8263-8293 range and hold rest with trailing […]

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Elliott Wave Analysis Report of Nifty for 05 Dec 2016

Elliott Wave Analysis Report of Nifty for 05 Dec 2016

| December 5, 2016

Nifty opened gap down at 8153 and declined further towards 8100. Nifty bounced from 8100 by 80 points to register day’s high 8159 but failed to sustain at higher levels and declined by be 90 points to register new day’s low 8070 before closing 106 points down at 8106. Yesterday, trading strategy was to hold […]

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Elliott Wave Analysis and Outlook of Nifty for 02 Dec 2016

Elliott Wave Analysis and Outlook of Nifty for 02 Dec 2016

| December 2, 2016

Nifty opened bit higher at 8244 and bounced to register day’s high 8250 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined by more than 60 points from high to register day’s low 8185 before closing 31 points down at 8192. Yesterday, selling was suggested […]

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