Elliott Wave Theory

[WaveSurfer]

FIIs sold the bottom on budget day and DIIs took them for a ride.
Now, i guess FIIs are buying and DIIS are booking profit.

 

[WaveSurfer]

Nifty Spot 5 Min

Nifty Fut 5 Min

 

[SaravananKS]

My View on BNF

 

[WaveSurfer]

Nifty Spot Daily

 

[timepass]

As per the above chart, you expect a top around 7800 ??

Nifty Spot Daily

 

[WaveSurfer]

As per the above chart, you expect a top around 7800 ??

7727 , that's 78.6 retrace of the prior wave and it fills that gap as well.

 

[timepass]

7727 , that's 78.6 retrace of the prior wave and it fills that gap as well.

Thanks. BNF please

 

[praveen taneja]

As per the above chart, you expect a top around 7800 ??

7727 , that's 78.6 retrace of the prior wave and it fills that gap as well.

March or april
april would be month for bears it looks
thinking to sell all psu banks share before last qtr result of individual banks.last qtr npa will dangerous. 25000 crs for banks is very less.IDBI BANK MAY BE EXCEPTION TO ABOVE TEXT or 14500 put at mouth watering level when tomm 16000-16100 resistence comes in picture any view please
Jai Ram JI KI

 

[Fundootrader]

March or april
april would be month for bears it looks
thinking to sell all psu banks share before last qtr result of individual banks.last qtr npa will dangerous. 25000 crs for banks is very less.IDBI BANK MAY BE EXCEPTION TO ABOVE TEXT or 14500 put at mouth watering level when tomm 16000-16100 resistence comes in picture any view please
Jai Ram JI KI

Theoritically yes - but there are 2 triggers pending - rate cut and GST. Rate cut certain for now - look at bond yields - they are dropping in anticipation

GST - If it goes through - major upmove of 200-300 points is there

For bank nifty - rate cut itself will take it higher than the resistance levels - so I think post rate cut - take puts of 16000 levels and not 14500 levels

Only party blooper is Fed - which may act and increase rate

 

[WaveSurfer]

Nifty 1H

The market has traced out a leading diagonal bottom from the lows of 6800 which implies that the low is in place .

In March , the market had an unrelenting rally forming a wave 1 or A , so this month we might see a corrective move in wave 2.

Nifty 15M

The 15 Min chart shows a five wave decline from yesterdays top implying that the correction is underway .