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.


Friday, June 16, 2017

Elliott wave analysis for #NIFTY Cash 16 June 2017

Elliott Wave Analysis for # NIFTY Cash:9588


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

Please refer https://ellwavetarget.blogspot.in/2016/02/12th-feb-2016.html

Now I discuss here my further observation about NIFTY with help of ELLIOTT WAVE ANALYSIS….
Both charts shows that Nifty moves in….
UP in 3rd Cycle wave
Up in 3rd primary wave
Consolidation  phase in 2nd intermediate wave running…

Elliott wave analysis


Still moving Up in minor wave-b(in IRREGULAR FLAT 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-f of 2nd Diametric is running ..last minute wave-g of Diametric is still to come..which might lead Nifty to @ 9800 -9900 level.

Elliott wave analysis

Hourly chart (Not attach here)indicates that Anything close above 9620..will confirm minute wave-f  likely to be complete.. and minute wave-g will start.


Conclusion : Short term ….Nifty might seen @ 9800-9900

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