Is Nifty Heading Towards 3420 ?

[vsangeeth]

Hi everyone,
I am attaching a file of nifty with elliot wave counts....All experts out there,kindly check this out and tell if this is right?


vsangeeth

 

[alpha.beta]

I Think The Wave Count U Have Mention Are Not Correct.at Present I Can Only Give You Ultimate Support For Nifty Is 4350 Corresponding To Bse Is 13800. Below These Levels.long Term Bear Phase Is Awaiting Eagarly.


Seniors Can Post Their View On These Levels.
Waiting For Reply



A L P H A B E Ta

 

[sijojosealappat]

I Think The Wave Count Is Correct And C Wave Is Happenning Now.
I Think 3420 For Nifty Is A Good Level To Buy Stocks For Delivary.
I Think This Level Will Be Reach On After May 2nd Week.
According To Me 3981 Will Be The Low For This Month And A Expiry Close Recovery(short Covering, Bounce Back,relef Rally)to 4750 -4860 Levels(4856)

 

[sattimes]

hi ,

i think we are in the wave B of the Greater wave (A).

This greater wave (A) may end somewhere near 3400.

But in short term, we may reach 5100-5300 in next two or three days to complete wave B. ( we are in wave 'e' of this B wave) (see chart nifty_short_term)

After that i am expecting free fall due to wave C.(see chart nifty_long_term) and thus complete greater wave (A)


pls,please share ur views.


Thanks and regards
Satish

 

[sijojosealappat]

hi ,

i think we are in the wave B of the Greater wave (A).

This greater wave (A) may end somewhere near 3400.

But in short term, we may reach 5000-5150 in next one or two days to complete wave B. ( we are in wave 'e' of this B wave) (see chart nifty_short_term)

After that i am expecting free fall due to wave C.(see chart nifty_long_term) and thus complete greater wave (A)


pls,please share ur views.


Thanks and regards
Satish

I THINK(IN A SMALL LOGIC) YOUR WAVE a AND WAVE b IS NOT CORRECT.IN MY VIEW THE WAVE a END AT 4448 AND THE WAVE B ALSO END AT 5545. I THINK NOW WE IN WAVE c . WAVE a WAS SELLING (DISTRIBUTION) and WAVE b CORRECTED WAVE a WITH 56% (AVG OF 50,61.8)RETRACEMENT (RELIFE RALLY OR A BOUNCE BACK).IN MY VIEW,IN THIS NEGATIVE MOOD THEY DIDN'T SELL THEIR POSITIONS LIKE WAVE a BECAUSE THEY CAN'T SELL THEIR POSITIONS AT THE MAXIMUM PRICE. WAVE c SHOLUD BE HAPPEN ALONG WITH ELLIOT WAVE 1,2,3,4,5. OR ABC MODEL

HERE I AM ATTACHING MY VIEW, IF EXPERTS PLZ SHARE YOUR VIEW
WITH ME THAT IS VERY HELPFUL FOR ME

REGARDS
SIJ JOSE

 

[sijojosealappat]

DEAR FRIEND SATTIMES,

In My View, Your B Wave Calculation Is Incorrect.because Wave A And Wave B Is Over. Now We are In Wave C. Wave B Corrected Almost 56% Of Wave A (avg Of 50% & 61.8% of fibonacci retrace ments).I THINK WAVE C DIDN'T PLAY LIKE YOUR WORDS . WAVE A was a sharp fall [6357 to 4448] WITHOUT ANY BOUNCE BACK AND THEY[BIG SHarks] DIDN'T PLAY LIKE THAT, BEACUSE IN THIS NEGATIVE MOOD THEY CAN'T SELL THEIR POSITIONS AT MAXIMUM PRICE. SO WAVE C WILL BE LIKE ABC PATTERN OR ELLIOT WAVE 1-2-3-4-5 PATTERN...




here I Am Attaching A Rar File To Show My Views

Regards
Sijo Jose

 

[sattimes]

DEAR FRIEND SATTIMES,

In My View, Your B Wave Calculation Is Incorrect.because Wave A And Wave B Is Over. Now We are In Wave C. Wave B Corrected Almost 56% Of Wave A (avg Of 50% & 61.8% of fibonacci retrace ments).I THINK WAVE C DIDN'T PLAY LIKE YOUR WORDS . WAVE A was a sharp fall [6357 to 4448] WITHOUT ANY BOUNCE BACK AND THEY[BIG SHarks] DIDN'T PLAY LIKE THAT, BEACUSE IN THIS NEGATIVE MOOD THEY CAN'T SELL THEIR POSITIONS AT MAXIMUM PRICE. SO WAVE C WILL BE LIKE ABC PATTERN OR ELLIOT WAVE 1-2-3-4-5 PATTERN...




here I Am Attaching A Rar File To Show My Views

Regards
Sijo Jose

Dear Jose,
very good analysis, i only had reservation about the time scale of wave C with respect to A and B.

lets see, how it unfolds

I have sent u a PM. pls check

Thanks and regards
Satish

 

[sudoku1]

IN a nutshell , the mkts r gonna go somewhere....up or down , but the billion dollar quest is ....did v made out of the swings ???
analysts on every channel blah , blah that the mkts r volatile...stay away....eh, then why enter the mkts @ all when one cant ride the complexions......money is also safe keeping in saving a/c in banks.........mkts will b volatile throughout our life.......

 

[eternaldeniedchrist]

There is a genuine case of Indian markets underperforming..Look at what happened today..dow rallied, FTSE rallied, CAC rallied, NIKKEI rallied, HANGSENG rallied..whatever happened to NIFTY and Sensex..they were a big fiasco..never even came remotely to their morning highs. Sigh

what to do..somebody please suggest!! For heavens sake the homework for everyday is becoming way too much..everyday there is a new loss to fix up. I am terrified!

 

[uasish]

Rightly said.