Sunday, August 13, 2017

Elliott wave analysis for #NIFTY Cash 13 August 2017

Elliott Wave Analysis for # NIFTY Cash: 9710



Still Nifty is in a right track to reach 11000-11500…

As last I discuss in 17th July 2017,
As concluded in July 2017...Nifty reached 10137 levels and start fallout…. Also I mention in chart about JULY-AUG-SEPT is a major reversal months….On 2nd Aug 2017..NIFTY touched 10137 level and started fallout….Current @ 9700 !

Now I discuss here my further observation about NIFTY with help of ELLIOTT WAVE ANALYSIS….

Nifty analysis Elliott wave

As per NIFTY Daily/Weekly chart. Minor wave-b now is in FLAT RUNNING (@ 205% of wave-a) Correction and some modification In Diametric patterns. But conclusion still a same as previous.

Nifty Analysis Elliott wave

Both charts shows that Nifty moves in….
UP in 3rd Cycle wave
Up in 3rd primary wave
Consolidation phase in 2nd intermediate wave running…
Minor wave-b is running in a very complex wave – double combination Diametric –X- Diametric is running. Inside minor wave-b, minute wave-f of 2nd Diametric is running...
NIFTY , after top out at minute wave-e(10137), sharp moves Down side in minute wave-f ..
Yet minute wave-g last leg is remaining…..Possibility is more that wave-g will not move above high of wave-e(10137)..Failure !
With end of wave-g, whole structure of minor wave-b likely over and minor wave-c will start which will be very sharp and dip also...
So...Be Careful!!

Conclusion: Time Analysis say the major top-out in JULY-AUG-SEPT….So try to exit as #NIFTY moves up to 9850-9950..Major downfall seen in coming months…Be Careful !

Perspective may change only above… 10200!

As market progress I will updates the analysis...Thank You.

Monday, July 17, 2017

Elliott wave analysis of #NIFTY 17 July 2017

Elliott Wave Analysis for # NIFTY Cash: 9915 

As last I discuss in June 2017, Still Nifty is in a right track to reach 11000-11500…

As concluded in June 2017...Nifty reached 9900 levels..!

Now I discuss here my further observation about NIFTY with help of ELLIOTT WAVE ANALYSIS….Nothing major changes…minor wave-b now is in IRREGULAR FAILURE or RUNNING Correction and some modification In Diametric patterns…as current minute wave is very strong.

Both charts shows that Nifty moves in….
UP in 3rd Cycle wave
Up in 3rd primary wave
Consolidation phase in 2nd intermediate wave running…

#NIFTY analysis

NIFTY still moving Up in minor wave-b (in IRREGULAR FAILURE or RUNNING Correction) of intermediate wave -2nd.

Minor wave-b is running in a very complex wave –double combination Diametric –X- Diametric is running. Inside minor wave-b, minute wave-e of 2nd Diametric is running...

#NIFTY analysis

Conclusion: Still #NIFTY moves strongly Short term Up ….Nifty might see @ 10200-10400

As market progress i will updates the analysis...Thank You.