bimalscave

ELLIOT FORECAST FOR 29 JUL 20

NSE:NIFTY   Nifty 50 Index
ANALYSIS BASED ON TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY OPENED WITH PREVIOUS DAY MOMENTUM WITH A GAP UP AND REMAINED BULLISH THROUGH OUT THE DAY ACHIEVING ( LAST 4 MONTH HIGH). NIFTY IN A WAY NEGATED AN IMPORTANT BEARISH ELLIOT COUNT OBVIATING BEARS RESURRECTION JUST IMPOSSIBLE... NOW ANALYSIS FOR TOMORROW... NIFTY WILL OPEN GAP DOWN SOMEWHERE AROUND 11240 AND LIKELY CONTINUE WITH ITS UPTREND..IMPORTANT LEVELS TO MARK ARE AS GIVEN ON THE CHART...
ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE.
TRADE AS PER OWN RISK ASSESSMENT.
Comment: IF THE UNDERLYING SENTIMENT HAS CHANGED TOWARDS(NEGATIVE)DOWNSIDE ...NIFTY WILL MAKE FRESH HIGH TODAY...AND WILL BE THE FINAL REVERSAL POINT.
Comment: EXPECTING A SHARP DECLINE....TRADE AS PER OWN RISK.
Comment: GUYS PLEASE DONT SHORT....ITS BULLISH SIGNAL
Comment: IT WILL HALT AT 11162
Comment: DO CHECK TODAYS ANALYSIS

Comments

Sirji, Looking at the Options open interests, a sustained break below 11200 looks difficult
Reply
bimalscave practicalbull.mmb
@practicalbull.mmb, 10800 AGAYA( BIT EXUBERANT) DO YOUR ANALYSIS
Reply
@bimalscave, I'm expecting that too.. but mere hisaab se one final top is pending in Nifty..
Reply
bimalscave practicalbull.mmb
@practicalbull.mmb, FOR NOW PROBABLY I M WRONG...JUST SOMETHING...
Reply
@bimalscave, I may be wrong too.. ye to samay hi batayega sirji
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