NIKKIE has a case where a long-term impulse started in Nov-12. We are in (4th of) 5th wave of a larger 3rd wave. This is in sync with most global markets that are completing some degree of complex correction.
Wave 1: Completed in 2015 SPREADEX:NIKKEI
Wave 2: Completed in 2016
Wave 3: Ongoing
Wave i: Jan 2018
Wave ii: Apr 2020
Wave iii: Feb 2021
Wave iv:...
Nifty will be flat opening in today's session. After opening nifty sustain below 17870 level and then possible downside rally up to 17800 in today's session. in case nifty trades above the 17900 level then the upside target can go up to the 17970 level.
Nifty will be slightly gap up opening in today's session. The expected opening above the 17750 level and the 17750 to 17790 level is the consolidation range and if nifty breaks the 17790 level this level then the possible upside go up to 17870+ in today's session. in case nifty trades below the 17750 level than possible downside rally up to 100-200 points.
Nifty will be flat opening in today's session. After opening nifty sustain Above 17850 level and then possible upside rally up to 17970 in today's session. in case nifty trades below the 17800 level then the downside target can go up to the 17700 level.
With over a month gone by in 2019, we look in to the performance of Nifty and Bank Nifty against some of the World's major indices namely
- Dow Jones
- Germany Dax
- Hangseng
- China &
- Nikkei
...over different time horizons
In the above chart we see Year to date performance of our market which is in the negative ( NiftY -0.15% & Bank Nifty...
I think that the range of 22000-23000 will not last long.
Following the course,
July 2: It penetrated down 22000 that is the neckline of the blue double bottom.
July 5: It was bounced back by YPP (P) and returned to the range.
July 9th and July 12th: It went up as attacking the short entry on July 2nd while swinging around.
After the movement of attacking...
