>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

.
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..

>Nifty june expiry

Hi friends,
                   As discussed in last post i m expecting wxyxz from top so we are in z wave .Yesterday a of z finished so expecting a sideways uppish move for next few days.
the structure is shown below with wave count.

Happy trading..

>Nifty elliotwave analysis

Hi friends,
                  The correction from the top looks like a 5 down but of corrective nature tripple zigzag
wxyxz with z in formation.

would expect nifty to be sideways to uppish for a day or 2 before falling again to make final drop of z. There could be a chance that Z is already finished near fridays low that would be confirmed if nifty trades above 5800.

>Nifty premarket 19th june

Hi friends,
                   Nifty expectation was 5850 should not cross yesterday and it should go sideways to down after that ,Nifty did the same now we are near 5800 support lies at 5780 below that 5760.till 5760 is held a upward push chances are bright.

Happy trading..

>Nifty premarket 18th june

Hi friends,
                   Yesterdays expectation was nifty was at rsistance a retest of support before rise.
Nifty fell to 5770 support given was 5760  and then rose to the resistance of the day 5850 same resistance was given.
Now on a lower time frame we can see a clear 5 up ,So a sideways to downside momentum can be seen if 5850 is not crossed today

support comes at 5780-5790 .

Happy trading..

>Nifty premarket 17th june

Hi friends.
                  Expectation for nifty was a test of 5600+-50 and then rise.Nifty went till 5680 and rose to 5800,Now nifty is on resistance ie 5820 today being policy day volatility can go real high.I expect nifty to test 5850 or 5950 then start one more dump towards 5550-5500.

Todays support  5760 resistance 5820 Lets see todays volatility and would refine the numbers more precisely.

Happy trading..

>Nifty premarket 14th june

Hi friends,
                   Nifty reaching support band of 5600+-50 though midcaps butchering continues.
keep stoploss for your shorts 5760 is resistance .

expect a rise from support zone.

Happy trading..

>Nifty bullish and bearish count

Hi friends,
                  I would discuss a bullish and a bearish count for nifty .
Most of Ellioticians would agree when i say we doing a abcde and we are in e wave

 now the difference can arise whether e is done or a of e is done and b running with c pending.
The yellow gives bearish move and blue gives bullish move.I would prefer bearish count which says we take support near 5600+-50 and rise towards 6000 before next down leg .
Any how both counts suggest rise after some more fall 5600 is good support lets see nifty reaction there.

Happy trading.. 

>Nifty premarket 12th june

Hi friends,
                    Nifty fall continues and we are witnessing continuous abc,s after short intervals which shows no strength in nifty as yet next major support lies near 5600 and we look set to touch that after some updown move .

A steep lower top channel is still not violated which again shows induced weakness.
Happy trading...

>Nifty elliottwave analysis

Hi friends,
                  Last month  on 23rd may nifty 23rd may  had told about a significant top at 6200+ when the clamor was high for 6400,6500 etc,There were very few takers but today near 5800 many have woken up to the reality,This market is not the normal bull or bear market many seasoned investors or traders would have understood this nifty remained near all time high but mid caps and selected large caps went even below 2008 lows,Nifty got strength due to ITC,HDFC and HDFC bank scaling new highs whereas mid caps kept on getting butchered.
Looking at the present structure and the way stocks react to moves,I can figure out that nifty could be in for making a ending diagonal ,You see whenever a upwave starts it looks like it would go on and on but then it abruptly ends and starts a down move which again looks like would not stop and abruptly again starts to move up.Keep reading blog would post the long term view in sometime waiting for a big confirmation for the wave count.

Happy trading..

>Nifty premarket 11th june..

Hi friends..
                    Yesterday expectation was that in D wave we would make a wxy but it seems D ended at 5972 only so now nifty should target 5850-5800.Lets see the move .

Happy trading..

>Nifty premarket 10th june

Hi friends,
                  Fridays expectation was a retest towards 5900 and rally towards 6000 ,Nifty followed the flow but overshooted the downside target.
friday move completed one abc looking at structure after abc it looks like we making an x wave so probably we would do a wxy if Thursdays low holds.

if low of thrusday ie 5869 gets violated we would be targeting 5800.wxy is the preferred view.

Happy trading..

>Nifty 07th june

Hi Friends,
                   Nifty took support in 5900-5880 range and attempted 5950 twice now if 5900 holds we would head higher for next few days .
Wavewise we have finished small 5 up from yesterdays low today can be some consolidation followed by rise.

The d wave target is reducing daily as nifty dragged down a bit and took time now the trendline comes near 6000.

Happy trading..

>Nifty elliottwave analysis

Hi friends,
                  nifty after testing 5900 rose back to 5950 but today broke 5900 and went to test 5880.
in the due course its getting squeezed more and more ,above 5950 it would be a upmove confirmation.Should take it easy till then.

The squeezed structure is shown above..

>Nifty premarket 5th june

Hi friends,
                   Yesterday pre market was not updated was away.The expected chart is made ,I am anticipating an abc is finishing near 5900 and a d can start towards 6050 .
5900-5880 is the support zone and a rise is expected there.

lets us see the nifty structure today and tomorrow to further anticipate the picture

Happy trading..

>Nifty premarket 3rd june

Hi friends,
                   Fridays expectation was if 6132 is not taken we would test 6060 ,Yes we tested 6060 rather went much below that 5976 low for the day.Today expecting a feeble bounce which can get strong only above 6033 .On the downside if 6033 is not crossed we can go towards 5930-5900.
Counting of wave would do after little more confirmation.

Happy trading..

>Nifty premarket 31st may

Hi friends,
                   Yesterday expectation was if we hold 6080 expiry would be above 6100 probably near 6150 ,Last hour we made a high of 6132.6.So indeed 6100 call cud have been a bumper if anyone tried it.
Today june series starts ,Today's expectation is if we fail to cross yesterdays high 6132.6 we should head lower towards 6070-60.

 

Happy trading...

>Nifty premarket 30th may

Hi friends,
                     Yesterdays expectation was that nifty would be negative to sideways but won't cross 6150 .And a closing below 6080 would be weak for market ,Nifty did go below 6080 intraday but managed to close above it.
Today being expiry day resistances or supports can be broken with ease:).If market remains above 6080 expiry can be above 6100 probably near 6150 ,If it remains below 6080 then it could be a negative day.

Happy trading..

>Nifty premarket 29th may

Hi friends,
                   Yesterdays expectation was a sideways volatile market and indeed market was volatile we saw a swing of 80 points between the high and low of nifty.For a impulse we should see 3rd ending near 5150 and for a abc also c ending near 5150 so both counts suggests negative to sideways move if market goes below 6080 that would be first sign of weakness .USDINR

continues to be strong after a small correction again conquered 56+ .Overall for the day market is expected to be below 5150 .

Happy trading...

>Nifty premarket 28th may

Hi Friends,
                   Yesterday expectation was if 5980 holds nifty would target 6150-6200 and yes nifty spiked towards 6100 yesterday itself ,Today nifty can be sideways volatile full day ,The wave count has been labeled,The speed of the upmove and structure suggests to re look at count near 6150+  .

Happy trading...

>Nifty premarket 27th may

Hi friends ,
                    Expectation was 5980 would be an important level and we saw nifty hovering around that level for most part of the day.Now if nifty manages to hold 5980 we can head higher probably yo make a lower top near 6150-6200 levels .

If 5980 is not held then we can target 5900 but thats not the preferred case ..

Happy trading..

>Nifty premarket 24th may

Hi friends,
                   Yesterday expectation was below 6080 a test of 6000-5980 we tested that region and held it for almost full day in last hour it gave way though its in that range only.Now if 5980is held i would assume fall is done for now else it can drift down towards 5850.

USDINR yesterday did 56++ profit booking area its hovering round an important area now if usdinr fails to breach above 56 it can retest 53 we have to wait and see.

Happy trading...

>Nifty premarket 23rd may

Hi friends,
                  Yesterday nifty expectation was a test of 6150+ and then a sideways to down move towards 6080 and yes nifty did that ,For any strength nifty has to hold above 6080 else 6000-5980 would be next stop ,Which i think eventually nifty has to test ,Overall once we test 5980 it would be certain that we finished an A at the high 6239.

Let the move be few days old and would lable the short term waves.

Happy trading...

>Nifty premarket 22nd may

Hi friends,
                   Yesterday nifty went below 6150 and made a low of 6106 ,My expectation was below 6150 a test of 6100.
Now wave wise we have almost done 5 down now if nifty holds 6100-6080 we can retest 6150-60 or else remain sideways in 6100-6080 range for the day.On usdinr frond the long call is doing good we have done 55.40 from 53.50 near 56++ we need to re look at the structure

happy trading..

>Nifty pre market 21st may

Hi friends,
                  Yesterday nifty tested resistance zone 6220+and reacted but managed to stay above support of 6150 today we can expect a sideways move and below 6150 a test of 6100 is evident.

6050 is the traling sl for daily longs below that serious selling else this would be taken as a profit booking..

happy trading..

>Nifty premarket 20th may

Hi friends,
                    Nifty continues to move up inching closer to 6200-6220 which is the resistance for current up move if it maintains 6144 the up move continues else first sign of profit booking emerges.

happy trading...