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The above chart shows that all of the rally in the last few months can be broken down in to W-X-Y ZigZag, which may have terminated at the recent high. We are setting up for a massive fall thats going to be disturbing - heading to new lows under 7511. Any fall beyond that should be capped above 6340. So there you are - a 250 point Stop loss and a possible return...

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Nifty seems to have turned down for good , this may be several weeks of downtrend to new lows. The view is valid as long as the wave 2 high depicted here is not broken on the upside. A long term view will be published soon

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Too many posts tracking the triangle breakout - This shows there is only a onesided view, the alternate path Silver can take is given in the red labeling - this could turn out as a A_B_C zigzag before it moves up catching the triangle watchers unaware. Be on the watchout for the alternate path for Silver. At this point traingle is under threat unless it moves up...

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Reliance seems to be in a 4th Wave Elliotwave triangle. An agressive trader could go long now with a SL below the wave e ( red line) . A conservative trader could wait for the blue line above to be broken ( wave d high) and then enter. Thrusts out of triangles are swift and sharp

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Look to get in on the dip in C wave in the next couple of hours before the upward resolution out of the triangle resumes to the upside look for the long term view in the previous tweet

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Silver #XAGUSD should break out of the triangle to the upside in the next day or two. Risk level will be 26.82 A separate short term view will be published following this - watch out for it.

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If Bajaj Finserve closes aboe this support line , its time to golong with a Stop loss below day's low

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#USDINR. This leg should be the next leg of Indian economy impacting decpreciation. Should aid export companies - Read Indian IT stocks #Rupeedepreciation #NIFTYIT #INFY #WIPRO #TCS

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IOC - should accelerate beyond 100 in 5 Waves from the Wave B low to complete the 3rd wave of the upward correction . Low of Wave B is the risk control level

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The internal wave counts of USDINR shows a clear 5 wave c showing that the downmove has been completed. A strong thrust should be on the way the next 2-3 weeks.

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USDINR in long term upmove, a W-X-Y zigzag in completion. This should aid an upmove in GOLD and SILVER priced in Rupee terms

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#JPYINR #Elliottwave Long term wave counts indicate bullish move in the years ahead, the final wave means #Rupee depreciation in the years ahead. Short term counts will also be published on this handle soon

SolomonsView Updated 

Gold should move beyond its previous high but will most likely stay within the all time high price. This may be the one final move before it turns bearish for a long while

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Nifty fall from May first week seems to be in 3 waves, this means it is mostly corrective. It is quite likely a rally will follow as long as the green dotted line is not breached, if it is breached the previously mentioned downmove will be in force

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Watch Jindal Steel, Tata Steel, JSW Steel, SAIL, HINDALCO etc., over the next few days . Consider the green dotted line on the index as a stop loss

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Wave C of Nifty that will take it to new lows has started. Expect gap down days in the next few trading sessions