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.