Nifty Elliott wave Analysis update.
Nifty Has formed strong bearish Candle on Daily Chart and Price may go toward the strong support of 11370 for Intraday. This week my view will be bearish on Nifty. Best sell level will be 11430-11425 for the target of 11390-11370
Nifty has broken the previous life time high trend line and again took the resistance at 11050 level. this week nifty could see profit booking from strong supply zone of 11088-11150. I will sell if price comes at 11090-11120 Level with the stop loss of 11200 for the target of 10900-10800
Nifty Has been Consolidation between 10855 and 10592 since last last week of may. Fundamental strong trigger is required to boost the bulls but as of now rising Oil Prices as well as depreciation of rupee is the big concern.I am hoping that nifty will touch 11000 this series because monthly chart is still in bull trend. Best buy will be only above 10855 and below...
Pharma Index has been in downtrend since Dec 2017, but now it has shown some strength at 8800-8300 levels. On monthly chart index has formed bullish pattern which gives us confirmation for upside.Trade with the levels.
Nifty has taken support three times near 10730-10700.After a rally price has sustained this week above 10730 which shows bulls are still in command. I will be bullish on nifty for this expiry and 10855 is the very crucial level for nifty to go towards 11000.
Nifty is In Downtrend Channel which is formed in Dec 2017.Now Nifty Has broke uptrend channel formed in March 2018. Nifty hAs strong Support at 10466 which is 200 EMA and also 50% Retracement at 10450. So buying can be Seen Near 10450.So This Week I will Wait for this level to Buy and to Short I will wait for 10674-10700. If Nifty Dont Sustain and Break 10450 then...
Good evening Traders, Since my last update on NIFTY it managed to break the resistance level which I mentioned here. But now after breaking the important level, I am expecting more upside. But first NIFTY needs a correction lower. My view is that if NIFTY can break the rising trendline lower, it can retest the resistance area now acting as new support at...
Nifty has Been sustained above 10530 since last 4 trading sessions which shows bulls are trying to be in. Since last two trading sessions dojis are formed which technically tells us that traders are confused.Close and sustain above 10580 will take nifty to 10680-10700, But sustain and close below 10580 will lead to 10480 which can be again good buy opportunity this week.
After deliberating in the first half of the session, the NIFTY attempted to move past its 50-DMA and 200-DMA and inch higher. The Markets ended in the green for the six day in a row with the NIFTY gaining 41.50 points or 0.40%. The Markets saw a brief consolidation near the 50-DMA and the 100-DMA mark which remain in extremely close vicinity at 10413 and 10444...
While continuing its uptick for the fifth day in a raw, the Indian Equity Markets ended yet another day with NIFTY seeing minor gains of 14.90 points or 0.14%. Markets have exhibited extremely positive underlying intent as it recovered from the low point of the day. However, they have continued to resist to the 50-DMA and 100-DMA values which remain in extremely...
Looks like, we could be getting 400+ UP move in NIFTY in form of corrective wave, which would form 'b' wave of down ZigZag move. There are no signs of bullish move yet, we just made new lows, Lower timeframe BUY setup is still pending before entering LONG trade.
My #Nifty analysis »» Nifty took support on 200 DMA on day charts and gaining momentum »» Nifty closed below crucial 0.618 level and struggled between 0.5 & 0.618 in previous sessions »» Nifty making head & shoulders patterns on day charts »» Nifty should cross 10650 and should close above 10760 to make new high »» Nifty, if closed below 10130, we can see...
what goes up must come downn .. lol
After struggling to break the ending diagonal to the upside it is in a crucial level to break the channel, if price breaks the channel then a drop to test 10,400-10,500 will be open before Nifty moves to the dead zone
Bullish engulfing formed on 2 hr time frame and possibly 3rd wave ended, might form double bottom @5th wave on hourly chart if 5th wave is not very strong and demand continues to come in...
The previous high nifty made was @ 10137 on 2nd August 2017. Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number). If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws). If it tests 10137 it may retrace to support @...
Technically, Nifty is expected to bounce from support of 9685; and if it successfully does so then the next target would be 10128 for the 5th subwave of the 3rd. My only concern is the bearish global market sentiment due to geopolitical tensions between US - N.Korea and India-China Doklam standoff heating up. If the Nifty trades below 9685, I would consider it...