bimalscave

ELLIOT FORECAST FOR 03 AUG 20

NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS ( NO NOISE)
NIFTY TODAY WITH BACKING OF HEAVY WEIGHTS RESULTS LIKE RELIANCE/ SBI / SUNPHARMA FAILED TO DO MUCH...RATHER WAS IN A SPREE TO TAKE DOWN STOPLOSS GOD KNOWS FOR WHAT??? IF WE TRY TO DECIPHER THE WAVE INTENT IT LOOKS AS IF IT WAS TRYING TO STOP SELF FROM SKIDDING....IS IT ??? WHAT I PERCEIVE THE DREAM BULL RUN IS ON THE VERGE OF CULMINATION...SO...THE PLOT GIVEN EARLIER IS INTACT AND HOLDS...TODAY NIFTY REMAINED RANGE BOUND AND IN THE FAG END OF THE SESSION SHOWED SOME SEMBLANCE..IN THE END WHAT ITCHES MY MIND...THE PATTERN FORMING IS A BLOW UP TOP...WHICH LOOKS QUITE SIMILAR TO THE PATTERN OF FEB 2020...IS IT HISTORY REPEATING SELF....DO YOUR OWN ANALYSIS..."TOPI UDNE WALI HAI"..THIS IS WHAT I FEEL....
ANYBODY WANTS NIFTY HIGHER DEGREE WAVE COUNT DO PRIVATE MESSAGE ME....I DON'T WANT TO GET IT PUBLIC...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Comment: GUYS PLEASE CHECK ...GAP ANALYSIS...U HAVE ANY OTHER VIEW PLEASE DO LET ME KNOW.
Comment: MONDAY GAP UP OPENING SOMEWHERE AROUND 11118
Comment: EXPECT CONSOLIDATION...BOTTOMED OUT...CORRECTION DONE...DONT EXPECT FURTHER DOWNSIDE AS OF NOW.
Comment: DIVERGENCE-15 MIN
Comment: PLEASE DONT GO SHORT NEAR 10850
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