ANALYSIS BASED ON TECH PARAMETERS NIFTY WITH A GAP UP REMAINED RANGE BOUND. INDEX PRESENTLY IS AT A VERY IMPORTANT REVERSAL PT AND WE COULD WITNESS QUITE A AMOUNT OF DISTRIBUTION ...FROM WHERE STRONG REVERSAL IS EXPECTED...NOTWITHSTANDING MKT IS IRRATIONAL AND WE LOOK FOR PROBABILITIES. THE LINE BREAKS UPTREND TO CONTINUE AND WE CAN EXPECT 11450 IN NEAR FUTURE...TOMORROW NIFTY WILL BE CORRECTING AND LIKELY TO FILL THE GAP CREATED DAY BEFORE YESTERDAY. ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE TRADE AS PER OWN RISK ASSESSMENT...
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MANDATE A REVIEW...NO TRADE AS OF NOW...
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GUYS FINE NOW...BIT BUSY IN THE OFFICE, THAT'S WHY PREEMPTED A POST...STILL HOLDING WITH THE COUNT...UNCERTAINTY STILL PERSIST.
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TODAY WILL POST THE SUPER CYCLE WAVE DEGREE OF NIFTY...WITH OUR FAVORITE MIRROR DOW...COMPARISON...THINGS WILL GET CLEARER...
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SORRY GUYS...WILL REMAIN BUSY...NO ELLIOT FORECAST FOR TOMORROW
Sirji, Hope your work went well.. Tomorrow, Nifty may conclude its current upmove and then give a swift correction of about 450-500 points... Am expecting a test of the 200 SMA (currently @ 10860) but this time from up... Should get support around the 200 SMA and then move up again to make a final top a little above whatever is made tomorrow..
Do review and suggest!!
ckirtane
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first gap almost filed will second gap(at 10934)will be filed tomorrow on expiry day?
practicalbull.mmb
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Sirji, For the move that started from 10563, I think a minute 5th wave is pending.. I'm expecting the next 3-4 sessions for Nifty to have fast oscillations between 10980 and 10280 during which Nifty should complete its entire wave from 9544.. Am expecting a 650-700 point dip after that in next week and August 1st week... Uske baad Nifty may again resume it's march towards 11750- 11850 zones..
bimalscave
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@PracticalBull.mmb, KEEP BACK-UP ALTERNATE COUNT...U NEVER KNOW IT MAY NOT BE 1234...TOMORROW IS VERY VERY CRUCIAL...11173 HOLD THAN I WILL REVIEW MY COUNT....
practicalbull.mmb
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@bimalscave, Yes sirji.. and Nifty seems to be doing something else altogether
kabhishek2602
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All people saying break point ane wala hai.
Earlier it was 11000 then 11084 nifty now 11162.Dow Jones bullish now.
Doesn't look like it will be down.
Jab tak down hoga month expiry ho jayegi
bimalscave
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@kabhishek2602, YEAH PLEASE CHECK MY DOW ANALYSIS THIS IS WHAT I M SAYING SINCE...NOTHING SURPRISING FOR ME...WHAT WERE YOU EXPECTING AT MONTHS EXPIRY??
kabhishek2602
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@bimalscave, A correction today and Day after and monthly expiry Nifty around 11100
Do review and suggest!!