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