>Nifty elliot wave analysis.

Hi friends,
                   June expiry was very well predicted when very few even thought of a rally ,I pointed about a rise coming,Now since we have crossed 5800 other possibilities have opened too.I would discuss two wave counts a bullish and one bearish,And later would suggest the preferred count out of the 2. Bullish count suggests we have finished a and b of E wave and c have started as shown in chart below.

This count gives possibility of 6300 again.

Bearish count suggests we finished E at the 6229 and from there we did a A down or W now we would attempt B or X which is shown in the chart below .

nifty should loose strength 5850-5870 onwards and drift down towards 5700 mark and if it holds 5700 should attempt 5950-6000 from there to complete X wave .
With result season coming nifty would be volatile right scenario for an X wave this wave count is the preferred count for july .
We should head lower during first week o july and then try a base by second week and then attempt a rally towards end of july to early august.

>Nifty premarket 27th june

Hi friends,
                   Yesterdays expectation was sideways to negative market which we witnessed whole day ,Wavewise we did a abc from 25th high so expecting a intrday rally as had shown in yesterdays chart too after finishing abc.Resistance to watch would be 5670-5700 if its taken out we should have a very strong expiry else we should see 5670 -5700 as intrahigh and come back

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Happy trading...

>Nifty premarket june 26

Hi friends,
                  Further from yesterdays post b of Z is happening expecting a abc for b to finish .
and then a rise towards 5700+ to finish c .Today can be a sideways to negative market .

Happy trading..