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

Comments

200dma tested today. may consolidate between 10840 to 11020 for this week then start uptrend again to11500/600.
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@bimalscave Sirji, I don't think upar Ka kaam khatam hua hai.. Extremely strong chances that Nifty can head to 11700 in the next month itself..
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Excellent Elliott Wave analysis .. Bears are back (Wave C of correction commences) ... Expecting a final rally of Nifty to 11240 levels (Nifty sustaining above 11300 will change the story) followed by a steep correction atleast till levels of 9500 .. Keeping fingers crossed
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bimalscave raj0778
@raj0778, BINGO
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SGXNIFTY closed at 10976. next target is 10856. if halted here then can rebound & make new high around11500. if goes down then likely to test 10757 or 10555. can't go bellow 10555 at any cost.
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My mob no 9999990244 I am on what's app and telegram as well on the same number 🙏
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Fantastic analysis please do send me your higher degree wave count and analysis because I have the same feeling reality is about to catch up with the markets 🙏
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bimalscave D_Bhalla
@D_Bhalla, THANK YOU SIR...FOR YOUR KIND WORDS...PVT MSG TAB ON THE WEBSITE WILL BE OK...
+1 Reply
bimalscave D_Bhalla
@D_Bhalla, did you get the wave count.
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