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yndesai
Aug 22, 2019 5:36 AM

Nifty Long term Elliot wave Short

Nifty 50 IndexNSE

Description

Likely supports in current down turn can be 9750 and 8350.

8K levels will be very lucrative and most likely to hold in longer term.

Lets watch.

Comment

I keep coming back to this scenario. This complex reaction is getting too violent...

Comment

Is the wave 4 complete . . .?

Comment

Duration of correction wave is approx 12 months and we can expect to see bottom formation by Dec 2020...
Comments
SaurabhMehra
Does this mean you expect to market go down again at least once by Dec 2020?
yndesai
@SaurabhMehra,
I am not expert at it. I just keep this scene in front of me to see that where markets are likely to go over next 3~5 years. It may or may not go down that deep but this makes me accumulate quality stocks on the go till we are near 16k. I lightened my positions in Sept to jan 2020 but added only 30% of what I had lightened. I would be again lightening my positions when we reach sub 16K levels.
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