AnbHfund
Long

Nifty : Long

NSE_EOD:NIFTY   NIFTY 50
302 3 6
EIther this is the start of Wave 5 :

If we are in start of wave 1 of wave 5
Expect to finish Nifty closer to 7600 by end of Jan -- which would confirm long bias !!
Wave 1 needs to break the upper trendline and bounce back from it -- which will confirm start of Wave 3 of Wave 5.
Axis Bank has shown 2-3 gapups a sign of upmove !! Look out for Yes Bank as well in coming next week !!
Bank Nifty             and Reliance will lead this rally -- with Sunpharma looking to break its upper trendline -- Arvind & Tata Steel, some other stocks which will lead the Nifty             higher.

or

If you draw a trendline on monthly charts on log scale, Nifty is sitting at its trendline support !!
If it breaks this on weekly that would mean a fall of more than 1000 points -- only if it breaks :))

Stop Loss: 7250

@AnbHfund

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AMBRISH
10 months ago
Nifty will test support before up move. thanks for adding stocks in your analysis.
Reply
AnbHfund
10 months ago
Warning Signals : Nifty unable to even bounce back on short covering !! Nifty flirting with Trendline support -- If it breaks expect Nifty to follow SPX500 -- On downside !! Other wise still hopeful of last rally of 1000 - 1200 points on Nifty !!
Reply
AnbHfund
10 months ago
All bets off After Nifty Breaks Trendline support !!! Major Support breached !! New Wave pattern now !! Might be bounce back for 2-3 months !! But Be prepared for fall like 2008 !!
Reply
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