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


Unknown said...

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

Can you give EW analysis for TCS & INFY ?

Unknown said...

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


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