Tuesday, August 20, 2013

>Nifty elliottwave analysis (bigger picture)

Hi friends,
                  Nifty did perfect move as was predicted 5750 nifty  and phuss ,Now with nifty joining broad based market move ,There was a need to see bigger picture
The chart shows clear waves ,Its self explanatory monthly chart which suggests move all the way to 4500.
The green trendline which comes near 5250-5200 wont be broken soon there  should be a nice relief rally from there i think. So till 5500 is not broken upward just trail shorts. 5300 onwards need to be careful in shorting ,Would post lower time frame charts soon as the move matures..

Happy trading

2 comments:

Harnish B said...

What according to you can be the ultimate downside target for NIFTY ?

Can you give EW analysis for TCS & INFY ?

Ankit Solanki said...

can you post ew count for aurobindo pharma. stock seems to be at an inflection point.


regards,
ankit

Post a Comment