If market doesn't supports sentiments, then here are some possible elliot wave countswhich fits on current scenario.
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3rd wave completed and in reversal zone so expecting a down fall
it might retest between 17370-17410
will turn bullish again after the retracement
above details are purely for educational purposes only
Nifty spot educational video as per elliot waves topic.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
As you can see in chart we have finished (3) rd wave and currently we are in correction of (4) th wave
after completion of (4) the wave market is likely to move further up in (5) wave till failure
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Hello,
Right now Nifty is trading in the no trade zone.
There are two important level for the Nifty: 1st: 11200 and 2nd: 11050
Importance of 11200 level : In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close...
Nifty trading @10930.
Probably nifty will open gap up or flat on monday.
Major key levels are mentioned on the charts.
Next supply zone will be (11078-11167) with the resistance @10985
On downside there is key Demand zone @(10228-10390) with the support @10550
Why I have mentioned that "Don’t try to predict the stock market" because last week I have updated my Nifty Weekly Post on Saturday and SGX Nifty was down by approx more then 100 points. But my trading setup was saying different story. I posted "Nifty: very less probability to break or sustain below 10000" and finally Nifty closed on the week's high.
Nifty this...
Nifty is likely to push higher in early trade just to complete its final stage of W V/Y/4.....shorting on higher levels of 11155 will be ideal....Respect Risk.....Happy trading
From the current count it seems that Nifty is in a-b-c Flat correction with the current move up being the completion of W.b .
If W.b has still more upside remaining then that should remain restricted till the 11123 level, a close above that on daily basis will signify that bulls have taken over and hence this level will serve as both the Invalidation Level for...
