Tag: Learn Elliott Wave Analysis

Nifty Updates Elliott Wave Analysis of Nifty for 09 Oct 2014

Nifty Updates Elliott Wave Analysis of Nifty for 09 Oct 2014

| October 9, 2014

Nifty again opened Gap down today and traded in 7870-7815 range making lower lows and lower high and closed mild negative after a fast upswing of 50 points in end session. Nifty disturbed medium term pattern today after break below 7941 and I need to wait for some time to identify a new pattern that […]

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Nifty Elliott Wave Analysis Report for 07 Oct 2014

Nifty Elliott Wave Analysis Report for 07 Oct 2014

| October 6, 2014

Nifty was range bound on 01 Oct 2014 and there was less participation from traders because of 5 holidays ahead. Nifty moved in 30 points range for whole day and finally close marginally negative at 7945. In my previous report I expected Nifty to consolidate in range for some time and Nifty consolidated for whole […]

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Elliott’s Waves and Open Interest Analysis of Nifty for 17 Sept 2014

| September 17, 2014

Nifty today decline almost 120 points from high after flat opening in morning. Nifty was in tight range in morning session but declined sharply in a rhythm in mid and end session. Though I shown possibilities for 7934 in my medium term charts but I didn’t expected major fall below 8000 by seeing yesterday’s wave […]

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Elliott’s Wave Analysis Report of Nifty for 15 Sept 2014

| September 14, 2014

Nifty is in consolidation mode from last 3 session with complex type of correction. Though Nifty declined almost 120 points from high of 8179 to low of 8058, still it is hovering around 8100 from last 2 sessions. As I said it is a complex correction, predicting the exact trend is quite difficult. Now, it […]

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Elliott Waves Analysis Report of Nifty for 08 Sept 2014

| September 7, 2014

Nifty is consolidation in 90 points range from last 2 sessions with high volatility and aggressive sudden swings. And this consolidation looks like a correction before bounce of some 100-150 points. Let me explain the probabilities on Charts.  The counts from low of 7540 are same as on my previous reports. 7540-7919 is taken as […]

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Elliott Waves Analysis Report of Nifty for 05 Sept 2014

| September 4, 2014

Nifty gives some correction today and closed in red -20 points after long time. Though my stoploss of yesterday’s longs was triggered and I lost 12-15 points. 8109 was the breakout point for today and Nifty was showing opening at 8114 around 9:10 AM so I used initial stoploss at 8099 to see how Nifty […]

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Elliott wave Analysis Report of Nifty for 03 Sep 2014

| September 2, 2014

Nifty hits a new milestone of 8100 today after breaking psychological levels of 8000 in previous session. Nifty is rising continuously without any reasonable correction from 7540 and gained almost 560 points in 14-15 sessions with only one correction of 100 points. Nifty is continuing its journey towards new high every next day with extreme […]

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Elliott Waves Analysis Report of Nifty for 02 Sept 2014

| September 1, 2014

Nifty started new month with huge Gap up and closed at record life time high. From last 12-14 session Nifty is giving gap opening and not giving and perfect opportunity for day trading. Today also Nifty opened Gap up and moved in 20-30 points range whole day. Though, Nifty is hitting new high every next […]

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