Nifty 50 IndexLong
ELLIOT FORECAST FOR 6 JUL 20
ANALYSIS BASED OB TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY AFTER HAVING A STRONG UPTREND BEAT MOVED INTO CORRECTIVE MODE AND SIMULTANEOUSLY COMMENCED WITH ITS PH 2 UPTREND IN THE LATER HALF. BUT WE NEED TO BE CAUTIOUS AS THE ENTIRE MOVEMENT IS SOMEWHAT IS NOT VOLUME SUPPORTED HENCE,STILL HOLDING THE POSSIBILITY WITH A-B-C CYCLIC.SECONDLY, ALTHOUGH NIFTY REARING TO MOVE-UP, BANK NIFTY IS PULLING IT BACK.I'M INDICATING THE CO-RELATION BETWEEN NIFTY AND BANK NIFTY.AS OF NOW THE MOOT POINT NIFTY WILL CONTINUE WITH ITS UPTREND AS PER W-X-Y LABEL.
ASSESSMENT IS FOR EDUCATIONAL PURPOSE.TRADE AS PER YOUR RISK.
VIEWS MOST WELCOME
TODAY NIFTY AFTER HAVING A STRONG UPTREND BEAT MOVED INTO CORRECTIVE MODE AND SIMULTANEOUSLY COMMENCED WITH ITS PH 2 UPTREND IN THE LATER HALF. BUT WE NEED TO BE CAUTIOUS AS THE ENTIRE MOVEMENT IS SOMEWHAT IS NOT VOLUME SUPPORTED HENCE,STILL HOLDING THE POSSIBILITY WITH A-B-C CYCLIC.SECONDLY, ALTHOUGH NIFTY REARING TO MOVE-UP, BANK NIFTY IS PULLING IT BACK.I'M INDICATING THE CO-RELATION BETWEEN NIFTY AND BANK NIFTY.AS OF NOW THE MOOT POINT NIFTY WILL CONTINUE WITH ITS UPTREND AS PER W-X-Y LABEL.
ASSESSMENT IS FOR EDUCATIONAL PURPOSE.TRADE AS PER YOUR RISK.
VIEWS MOST WELCOME
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.