Friday, September 6, 2013

06th Sept 2013

Elliott Wave Analysis for Nifty Cash:

Major Conclusions: “Market remains weak and negative, major bottom will form @ April-May-June 2014. Level 4700 – 4300 will be seen.”

 
As concluded earlier on 18th March 2013,
on 20th May 2013(Time wise)…. Market has top out at 6229. (Price wise)
As per Elliot wave, Nifty has top out at 6093 on 23rd July 2013.
After making top, Market fallout heavily…and touched low 5118.

New conclusions, Time cycle still says that market will remain in downtrend; bottom will be form @ April –May – June 2014.
As per Elliott wave ….as shown in weekly chart of Nifty cash, the wave structure shows that Nifty down trend running in primary wave -a…or wave -e (might forming diametric formation…wave -e should fall very fast and sharp. (Time wise, wave -a= wave -c= also wave -e i.e. 59-60 week span i.e. till Nov 2014)


I will update as market progress…

# Perspective change only above 6093 #




Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendations.



Monday, March 18, 2013

18th March 2013





Conclusion:

We might be top out till April / May 2013…and thereafter market likely will be in corrections down for at least 8-10 months. Avoid big investments, trading and big portfolios…

                     …………Elliott Wave studies.

Elliott Wave Analysis for Nifty Cash:

As at 15/01/2012…@ 5000…predicted about new top above 6338…till today Nifty is @ 5900 after touch 6112. So Nifty is touched 6112 nearer to prediction level 6338. Still I hope to reach above 6338…till April / May 2013.

Earlier conclusion was about impulsion is invalided as strength upside is not much as impulsion….and structure looks as corrective natures.

Recently fallout from 6112 to 5663…put some conclusion that Nifty might be near to top out. As seen from daily chart of Nifty Cash…Non-limiting triangle is likely developing…as primary wave-X and Nifty running in last leg intermediate wave-e of wave -X.
Wave-e might be also a triangle internally….Lets see as it develop.
This all things may take time till April / May 2013…

I will update as market progress…




Major Conclusions:

01/08/2010: Nifty was @ 5400: Conclusion: Nifty will touch 6400 by 30 Jan 2011…Nifty touched 6338 on 5/11/2010… (Achieved)

6/12/2010:@ 6000 Nifty will be top out between 15/12/2010 to 30/01/2011 and 4780 will be break within 3-4 months…..Nifty was top out on 4/01/2011 at 6181..(Achieved) and sharp fall out to 5177 level at 11/2/2011…but not fall out to 4780 level.

07/06/2011:@ 5600 Conclusion: Nifty conclusion was same downside, only change downside target @ 4722 – 4300 levels and new time frame by Dec 2011 to Feb 2012… on 26/08/2011..Nifty sharp fall at first target 4720…!!!!... (Achieved)

29/08/2011: Conclusion: 4300-4050 will be break by Dec 2011 – Feb 2012……fall out to 4531…on 20th Dec 2011

Short Term Conclusion on 17/10/2011: Conclusion was that Minute wave ‘c likely to be over between Nov 1 to Nov 20… and Intermediate wave 3rd downside will be start thereof….So, careful during November 2011……on 09/11/2011 Nifty get reversed at 5318 and sharp fallout seen to 4639…….!!!!! (Achieved)

As at 15/01/2012…@ 5000…predicted about new top above 6338…till 6112 was achieved. (Almost Achieved)                                  

Tuesday, February 14, 2012

14th Feb 2012

New Conclusion:
New bottom will not likely to form during in 2012 and 6338 top should reach before Aug - Sept 2012…

……Elliott Wave studies.

Elliott Wave Analysis for Nifty Cash:
Large trend Unfold:
Major corrective phase will form in Flat patterns. Corrective major primary Wave 'b Upside is completed. Wave’ b is retraces upside to 99.5% of primary wave ‘a. Major primary wave’ b was completed, as the minimum correction of primary wave ‘c retraced 38.2% of Wave’ a achieved, from the top of wave’ b on 26/8/2011. Conclusion is that primary wave' c will be the failure one and will not retrace the entire wave' b.
From the top of primary wave’ b at 6338, primary wave’ c downside touched 4588, which was@46% of wave ‘a and confirmed that primary wave ‘b was completed at 6338.
Primary wave ‘c started downside with terminal impulsion. To confirm wave ‘c terminal impulsion to complete, we want two stage confirmations.
1st stage confirmation has done. (2-4 line break within timeframe than it took to form by wave 5…Achieved)
In 2nd stage confirmation entire Terminal impulsion should retrace within 50 %( allows 100%) time than it took to form…i.e. in 146 days….within 1st Aug 2012...

# Perspective will change below 4695 levels #
Medium trend Unfold:
Inside Primary wave’ c, Intermediate Wave 5th downside has confirm to be completed, two stage confirmation requirements is achieved…..
1st stage is that 2-4 line should break within time frame than it took to form…which is achieved.
2nd stage confirmations, thrust after wave 5th should reached to levels of wave 4th 5318 within time 50% of wave 5th took to form….which also achieved.

# Perspective will change below 4695 levels #
Small Internal Patterns:
Thrust after intermediate wave 5th has reached at 5318 level before 20th February 2012 time wise…. Which confirming about intermediate wave 5th has completed.
Nifty moved upside in intermediate wave 1st … till reached at 5428...


Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendations.

Monday, November 21, 2011

21-Nov-2011

Elliott Wave: Nifty Cash

Major Conclusion: # No change since last updates 29/08/2011#

Conclusion come out from Strength of sharp fall out that Nifty will drops more to @ 4300 – 4050 by Dec 2011 - Feb 2012…..As per Elliott wave study.

Sharp fallout from 5318, more confirming the journey of Nifty toward 4300 – 4100 by Dec 2011- Feb 2012……

This conclusion is arrived from Elliott Wave Principle…….!!!!!

Nifty Cash Unfolding:

Large trend Unfold:
Major corrective phase will form in Flat patterns. Corrective major primary Wave 'b Upside is completed. Wave’ b is retraces upside to 95.5% of primary wave ‘a. Primary wave’ a was in complex pattern and wave’ b also in complex patterns. Major primary wave’ b was completed, as the minimum correction of primary wave ‘c retraced 38.2% of Wave’ a achieved, from the top of wave’ b on 26/8/2011. Conclusion is that primary wave' c will be the failure one and will not retrace the entire wave' b.

From the top of primary wave’ b at 6181, primary wave’ c downside touched 38.2 %( @ 4722) of wave’ a and confirm that primary wave ‘b was completed at 6181, which is minimum criteria for intermediate wave ‘b call to be completed….The primary wave ‘c can drops to 50% 4365 and 61.8% 3940…but will not retrace the entire wave ‘b….

Primary wave ‘c has started downside with impulsion. Nifty completed the intermediate wave 2nd (5702), with minor wave c failure with 5th wave failure inside and intermediate wave 3rd is started downside……
At Present, Nifty moves inside primary wave’ c downside, in intermediate wave 3rd (should be more then 1003 point’s), in minor wave 3rd, in minute wave 1st.
# Perspective will change above 5702 level #

Medium trend Unfold:
Inside Primary wave ‘c downside, impulsion waves is started.
Inside Primary wave’ c, Intermediate Wave 3rd downside is started from 5702, with sharp fallout…and reaches at 4720 level on 26/8/2011….thereafter sideway market (consolidation) started…which is ended at 5318..another sharp fallout has started… Still, Intermediate Wave 3rd is ON…..
# Perspective will change above 5702 level #

Small Internal Patterns:
Inside minor wave 2nd sideway, another LS 5 is seen with 5th wave failure within minute wave’ c upside…..which is completed at 5318….Sharp fallout seen thereafter…..
Inside Minor wave 3rd, minute wave 1st is started downside and reached at low 4837 level. Minute wave 2nd will be resuming sideway…anytime
Minute wave 2nd sideway may correct up to 5000-5100 marks…..
# Perspective will change above 5318 level #

Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendations.

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Monday, August 29, 2011

29th Aug 2011

Elliott Wave: Nifty Cash

Major Conclusions
:

As alerted on and from 6th Dec 2010,( See Last Updates) that “Investors and traders should caution while trading long side. Trade in less quantity and avoid big positional portfolio.”
As concluded on 6th Dec 2010 (@6000), primary wave ‘c (from 6181) is started downside and it reached at minimum target to 38.2% of major wave’ a. @ 4722…!!!!
Achieved: On date 26/8/2011, the conclusion for 4722 is achieved.

New Conclusion: Conclusion from Strength of sharp fall out that Nifty will drops more to @ 4300 – 4050 by Dec 2011 - Feb 2012…..As per Elliott wave study.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

One More Conclusions:# No change since last updates 09/08/2011#

One more Major conclusions is that GOLD and SILVER will be top out between month of August 15 2011 to Oct 15 2011...and go down for major correction about 1-2 years. Price will be correct up to 35 - 40% from the top...!!!!

This Conclusion is made from Elliott Wave Theory...Gold & Silver is in final Upside moves....GOLD will be top out @ 1800$ (+/- 100)......

This conclusion also is arrived from Elliott Wave Principle…….!!!!!


Nifty Cash Unfolding:

Large trend Unfold:
Major corrective phase will form in Flat patterns. Corrective major primary Wave 'b Upside is completed. Wave’ b is retraces upside to 95.5% of primary wave ‘a. Primary wave’ a was in complex pattern and wave’ b also in complex patterns. To conclude, major primary wave’ b will to be complete, the minimum correction of primary wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b (which is achieved on 26/8/2011). Conclusion is that primary wave' c will be the failure one and will not retrace the entire wave' b.
From the top of primary wave’ b at 6181, primary wave’ c downside touched 38.2 %( @ 4722) of wave’ a and confirm that primary wave ‘b was completed at 6181,
which is minimum criteria for intermediate wave ‘b call to be completed….The
primary wave ‘c can drops to 50% 4365 and 61.8% 3940…but will not retrace the entire wave ‘b….

Primary wave ‘c has started downside with impulsion. Nifty completed the intermediate wave 2nd (5702), with minor wave c failure with 5th wave failure inside.
At Present, Nifty moves in primary wave’ c downside in intermediate wave 3rd (should be more then 1003 point’s) with minor wave 1st ….
# Perspective will change above 6181 level #

Medium trend Unfold:
Inside Primary wave ‘c downside, impulsion likely to be started.
Inside Primary wave’ c, intermediate wave 2nd sideway (Flat correction with minor wave c failure) is completed at 5702. (Highly consolidated)
Intermediate Wave 3rd is started with sharp fallout…and reaches at 4720 level…...
# Perspective will change above 5702 level #

Small Internal Patterns:
LS 5 of minor wave c of upside is completed with 5th wave failure. Entire LS 5 was retraced within 30% timeframe...has confirm completions of intermediate wave 2nd.
Minor wave 1st is started in intermediate wave 3rd which is reached at 4720 level. Minor wave 2nd will be resuming sideway.
Nifty correct up to @ 5100 levels….in Minor 2nd wave..

Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendations.

Tuesday, August 9, 2011

09 -Aug-2011

Elliott Wave: Nifty Cash

Major Conclusions
: # No change since last updates 06th June 2011 #

As alerted on 6th Dec 2010,( See Last Update) that Investors and traders should caution while trading long side. Trade in less quantity and avoid big positional portfolio.”
As concluded, wave ‘c is likely started downside sharply and it should have minimum target to 38.2% of major wave’ a. @ 4722 and can more drops to @ 4300…..As per Elliott wave study.
Till date 6/6/2011, the conclusions for 4722 is still ON. But time frame will be change, @ Dec 2011 to Feb 2012.

Conclusions: Level 4722 to 4300 will be break, nearly @ Dec 2011 to Feb 2012 of timeframe.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

One More Conclusions:

One more Major conclusions is that GOLD and SILVER will be top out between month of August 15 2011 to Oct 15 2011...and go down for major correction about 1-2 years. Price will be correct up to 35 - 40% from the top...!!!!

This Conclusion is made from Elliott Wave Theory...Gold & Silver is in final Upside moves....GOLD will be top out @ 1800$ (+/- 100)......

This conclusion also is arrived from Elliott Wave Principle…….!!!!!


Nifty Cash Unfolding:

Large trend Unfold:

Major corrective phase will form in Flat patterns. Corrective major Wave 'b Upside is likely to be completed. Wave’ b is retraces upside to 99.5% of wave ‘a. Major wave’ a was in complex pattern and wave’ b also in complex patterns. To conclude, major wave’ b to be complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ b, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

If assume the top of major wave’ b at 6181 then wave’ c downside should be 38.2 %( @ 4722) of wave b to confirm wave ‘b to be over, otherwise wave’ x will form.

Primary wave c has started downside with impulsion. Nifty completed the intermediate wave 2nd, with minor wave c failure with 5th wave failure.
At Present, Nifty moves in primary wave c downside in intermediate wave 3rd (should be more then 1003 points) in minor wave 1st ….
# Perspective will change above 6181 level #

Medium trend Unfold:

Inside Primary wave ‘c downside, impulsion likely to be started.
Inside
Primary wave’ c, intermediate wave 2nd wave sideway (Flat correction with minor wave c failure) is completed. (Highly consolidated)
Intermediate Wave 3rd is started with sharp fallout…
Some modification is done in labels. But conclusions will be same as previous.

# Perspective will change above 6181 level #

Small Internal Patterns:

LS 5 of minor wave c of upside is completed with 5th wave failure. Entire LS 5 was retraced within 30% timeframe...has confirm completions of intermediate wave 2nd.
Minor wave 1st is started in intermediate wave 3rd.

Quick Elliott Wave Views: Long term to Short term

Market has started journey toward 4700-4300. As alerted on 6th Dec 2010,
Nifty may hit 4300..level within Feb 2012.

Global markets also started sharp fallout due to concerns of double dip recession in USA.
Dow Jones also likely to hit level of @ 9000 mark by Feb - May 2012….


Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendations.

Monday, July 4, 2011

04-July-2011

Elliott Wave: Nifty Cash 5627 Forecasting

Large trend Unfold: # No change since last updates 07th June 2011 #

Major corrective phase will form in Flat patterns. Corrective major Wave 'b Upside is likely to be completed (?). Wave’ b is retraces upside to 99.5% of wave ‘a. Major wave’ a was in complex pattern and wave’ b also in complex patterns. To conclude, major wave’ b to be complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

If assume the top of major wave’ b at 6181 then wave’ c downside should be 38.2 %( @ 4722) of wave ‘a to confirm wave ‘b to be over, otherwise wave’ x will form.

Medium trend Unfold:

Inside major wave ‘c downside, impulsion likely to be started.
Inside wave’ c, 2nd wave sideway is ON.
Some modification is done in labels. But conclusions will be same as previous.
# Perspective will change above 6181 level #
Alternate Labels are in RED.

Small Internal Patterns:

Market is sideway in wave 2 with flat pattern, Minor wave’c upside is running. Both the wave a,b are in multi wave, so wave’ c can be a mono wave.

Quick Elliott Wave Views: Long term to Short term

As major wave’ c likely be started and to conclude major wave’ b is to be complete, wave’ c Must have retrace downside 38.2% of major wave’ a, i.e. @ 4722.If market not break the 4722 level then wave’ X will form. (Wave ‘b will said to be ON).

In Intermediate wave 2, market is moving in wave’c upside.
With completions of small wave’c, intermediate wave 2 will be completed and 3rd wave intermediate downside will be start.

Major Conclusions: # No change since last updates 07th June 2011 #

As alerted on 6th Dec 2010,( See Last Update) that Investors and traders should caution while trading long side. Trade in less quantity and avoid big positional portfolio.”
As concluded, wave ‘c is likely started downside sharply and it should have minimum target to 38.2% of major wave’ a. @ 4722 and can more drops to @ 4300…..As per Elliott wave study.
Till date 6/6/2011, the conclusions for 4722 is still ON. But time frame will be change, @ Dec 2011 to Feb 2012.

Conclusions: Level 4722 to 4300 will be break, nearly @ Dec 2011 to Feb 2012 of timeframe.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment , no responsibility will be assumed by the author for the consequences whatsoever , resulting out of acting on these recommendations.

.

Tuesday, June 7, 2011

07-June-2011

Elliott Wave: Nifty Cash 5532 Forecasting

Large trend Unfold:

Major corrective phase will form in Flat or Triangle patterns. Corrective major Wave 'b Upside is likely to be completed (?). Wave’ b is retraces upside to 99.5% of wave ‘a. Major wave’ a was in complex pattern and wave’ b also in complex patterns. To conclude, major wave’ b to be complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

If assume the top of major wave’ b at 6181 then wave’ c downside should be 38.2 %( @ 4722) of wave ‘a to confirm wave ‘b to be over otherwise wave’ x will form.

Medium trend Unfold:

Inside major wave ‘c downside, impulsion wave likely to be started.
Inside wave’ c, 3rd wave downside is started.
# Perspective will change above 6181 level #
Alternate Labels are in RED.

Small Internal Patterns:

Market is sideway inside small wave’4.After consolidations, small wave’5 downside will be started.
# Perspective will change above 5735 levels #


Quick Elliott Wave Views: Short term to Long term

As major wave’ c likely be started and to conclude major wave’ b is to be complete, wave’ c Must have retrace downside 38.2% of major wave’ a, i.e. @ 4722.If market not break the 4722 level then wave’ X will form. (Wave ‘b will call to be On).
In small wave 4, market is moving subdued. More consolidation concludes for 5th wave downside will be extended and sharp.



Major Conclusions:

As alerted on 6th Dec 2010,( See Last Update
) that Investors and traders should caution while trading long side. Trade in less quantity and avoid big positional portfolio.”
As concluded, wave ‘c is likely started downside sharply and it should have minimum target to 38.2% of major wave’ a. @ 4722 and can more drops to @ 4300…..As per Elliott wave study.
Till date 6/6/2011, the conclusions for 4722 is still ON. But time frame will be change, @ Dec 2011 to Feb 2012.

Conclusions: Level 4722 to 4300 will be break, nearly @ Dec 2011 to Feb 2012 of timeframe.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

Declaimer: Author's recommendations are solely made with the purpose to educate the market Participants / Traders / Investors and enable to them to derive maximum benefits by acting them. While due care has been taken in preparing these comment , no responsibility will be assumed by the author for the consequences whatsoever , resulting out of acting on these recommendations.

.