ELLIOT-PA FORECAST FOR 14 AUG 20
ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY TODAY WITH A GAP DOWN OPEN BUT RECOVERED IMMEDIATELY AND FOR FOR QUITE A WHILE REMAINED RANGE BOUND..AS EXPECTED DUE TO EXPIRY...THE DECLINE/ SWING THAT WE WITNESSED IS PRIMARILY DUE TO TRIGGER FOR REQUIREMENT OF HIGH PREMIUM VALUE...NOTWITHSTANDING WHATEVER BE THE CASE WE SHOULD NOT SPECULATE...BUT TODAY DUE TO NIFTY'S UNUSUAL OPENING AND ITS SUBSEQUENT MOVEMENT INDICATE BREWING UNDERLYING BEARISH SENTIMENT...AND RESEMBLANCE OF THE TOP SOMEWHAT CLOSE TO HEAD AND SHOULDER....TOMORROW NIFTY LIKELY TO MOVE INTO CORRECTION MODE AND MAY EXPECT A CUT....
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
NIFTY TODAY WITH A GAP DOWN OPEN BUT RECOVERED IMMEDIATELY AND FOR FOR QUITE A WHILE REMAINED RANGE BOUND..AS EXPECTED DUE TO EXPIRY...THE DECLINE/ SWING THAT WE WITNESSED IS PRIMARILY DUE TO TRIGGER FOR REQUIREMENT OF HIGH PREMIUM VALUE...NOTWITHSTANDING WHATEVER BE THE CASE WE SHOULD NOT SPECULATE...BUT TODAY DUE TO NIFTY'S UNUSUAL OPENING AND ITS SUBSEQUENT MOVEMENT INDICATE BREWING UNDERLYING BEARISH SENTIMENT...AND RESEMBLANCE OF THE TOP SOMEWHAT CLOSE TO HEAD AND SHOULDER....TOMORROW NIFTY LIKELY TO MOVE INTO CORRECTION MODE AND MAY EXPECT A CUT....
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Note
IF TODAY'S LOW NOT BROKEN ....TREND REVERSED...MAY EXPECT UPTREND TO CONTINUE.PERSONALLY DOING ADJUSTMENT IN TRADE....
Note
GUYS PLEASE DONT CREATE OVERNIGHT SHORT POSITIONS- IN TODAYS ANALYSIS WILL GIVE YOU THE REASON
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