bimalscave

ELLIOT FORECAST FOR 20 JUL 20

NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS (NO NOISE)
NIFTY HAVE CULMINATED WITH ITS 4TH CORRECTIVE CYCLIC WAVE...AND COMMENCED WITH 5 TH WAVE CORRECTIVE CYCLIC WAVE...OVERALL TODAY NIFTY REMAINED BULLISH AND IN THE FAG END CROSSED 2OO DMA...IMPORTANT MILESTONE TO DETERMINE OVERALL MARKET SENTIMENT.... NIFTY IN THE NEXT TRADING SESSION LIKELY TO OPEN WITH A GAP DOWN AND MOVE INTO CORRECTIVE MODE, CONSOLIDATING FOR FURTHER UPTREND. NIFTY IN A BROADER SENSE MIRRORING DOW....
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE
WATCH OUT FOR IMPORTANT LEVELS...
DISCLAIMER: TRADE AS PER SELF RISK ASSESSMENT.

Comments

Sirji, All levels in my previous post crossed by about 50 points..Looks like 3rd has ended at 11017 today.. 4th wave, we could see ending around 10880 - 10900 and then a final blast to 11150-11250 (considering 61% of 440 points (10577 to 11017)) to complete the 5th wave..
Reply
bimalscave practicalbull.mmb
@practicalbull.mmb, correct...bang on
Reply
HI Guys asking for trade advise...suggestion, naked option buying will never get you into profit until and unless you are proficient in gamma scalping or for that matter hedging...so whenever taking any position my personal advise and experience hedge it suitably...never do naked option buying....results are always painful .
Reply
Plz sir guide me I have bought pe of nifty 10500 at 70 now price is 52.20 do I exit or hold. I’m in panic situation plz help me.
Reply
@vipulrai44, Not sure if you understand by what Gama means... Simply put, what Bimal Sir is saying is that if you are carrying overnight positions, always hedge it appropriately.. FOr eg. if you are bullish buy 2 calls and 1 put (just an example) so that If your view is wrong, atleast you don't get completely screwed..
Reply
Aparna123 practicalbull.mmb
@practicalbull.mmb, thanks a lot 🙏
Reply
please give me exit point,i have nifty 23rd july 10750pe
Reply
bimalscave kapil25
@kapil25, SOLD - BOUGHT???WHAT???
Reply
"Broke the Elliiot Rule and paid the price" means??? Please explain. Thank You!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out