bimalscave

ELLIOT FORECAST FOR 16 JUL 20

NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS (NO NOISE)
NIFTY TODAY WITH A GAP UP REMAINED BULLISH AND FILLED THE GAP CREATED YESTERDAY CONVINCINGLY. EAGERNESS TO FILL THE GAP IN THIS CASE REVEALS PSEUDO BULLISHNESS. NOTWITHSTANDING MUCH ANTICIPATED RELIANCE RESULTS AND SUBSEQUENT SHARP FALL FIZZLED OUT ALL THE EUPHORIA CREATED THROUGH OUT BY THE NEWS ANCHOR...BACK TO CHARTS TOMORROW NIFTY WILL AGAIN IN SUB WAVE CORRECTIVE MODE...AND NIFTY LIKELY TO EXPIRE NEAR 10500-10550. THAT'S WHAT MY ANALYSIS INDICATES AND I PERCEIVE....
VIEWS ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Comment: MARKED A VERY IMPORTANT LEVEL IN THE CHART...I AM SURE YOU MUST NOT HAVE CHECKED IT...ANALYSE IT AND KEEP AN EYE...LEVELS ARE SUGGESTIONS I MAY BE WRONG...THESE ARE PROBABILITIES
TRADE AS PER OWN RISK ASSESSMENT

Comments

i feel 5 waves can be seen in c leg down so 5/3/5 abc correction done? It can be regular flat pattern also
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Nyce Analysis, is this the last leg of uptrend & is it worth to short Nifty Aug Fut? Also, cud u help with Bosch, as I'm stuck for buy July fut @13400, is 12900 a support or further downside & holding HUL July Fut @2235, can i expect 2350 or exit @cmp, thanxx a lot! :)
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Sgx nifty is 100 points up. Dow futures is 400 points up. Looks like it will give closing around 10750-10800
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bimalscave sandeeplkurliye
@sandeeplkurliye, sir i dont follow sgx...secondly i know that...please check my dow elliot analysis...i think you will have a clear picture...and certainly please give your views on that...regards.
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Sirji, What would be a good level to short?? ~10720 to 10730 or something else??

Also what should be the SL?? Please guide..

My feeling is that the C from today's high has started as a 5 wave impulse... this could be "a" or it could be i but my sense is that this is likely to play out as a 1-2-3-4-5 and the bottom will be somewhere close to 10440, which we could see on Friday..
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bimalscave practicalbull.mmb
@practicalbull.mmb, bhai mere... don't presume...wait..your appreciation is correct...why in a hurry....short karney ki bahut jaldi padi hai...mauke pe chuka marna...wait.
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@bimalscave, hahaha.. sirji, ab 200 point giraooge agar expiry waale din mein to thodi utsukta to hogi naa.. Was looking forward taaki aaj ki loss cover ho jaaye..
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bimalscave practicalbull.mmb
@practicalbull.mmb, it is just probability...i may be wrong...
Reply
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