Wednesday, September 23, 2020

Nifty wave analysis

Taking further from last post Nifty and dow futures .We can see dowfut had already broken previous low whereas nifty was still trading above last low ,In last 2 trading days nifty too breached last low and today attempted a recovery.Lets see the chart.

The move is well within the parallel channel . Also a trendline from all time high crosses from todays low .This range of 11000-10950 seems important if we hold it can expect good up move. Wavewise an abc correction looks finished .Lets see tomorrows price action for more confirmation. 

Monday, September 21, 2020

Nifty and dow fut

Hi friends,

                    Dowfutures and nifty are in fractal move quite similar move.
lets see the two charts.

The above chart is nifty spot ,Can see the kind of wave move happened have showed with arrows,Lets see dow futures move.

The above chart is dow futures hourly chart ,Again here i have shown waves with  blue lines ,Just compare both charts move its quite similar ,Lil bit here and there variation may be there,But overall structure looks same .Dow futures is bit ahead of nifty chartwise it has already broken previous low ,Where as nifty is yet to break.