Nifty Futures Trading

[Smart_trade]

Beauty of Elliott wave of high 1 was 4343 and low made 4362, in wave 4, wave 4 has not overlaped by 19 points and started wave 5. chart attched NF hourly

It is not an impulse wave as there is no extention. Looks like abc correction.

Best wishes,

 

[mitasatyajit]

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Nifty Spot Hourly. A general look.

 

[learn2trade08]

dear satyajit'sir,
thanks for sharing the charts,simply love those trendlines...Sincerely appreciate you sharing your hard work.
thanks.

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Nifty Spot Hourly. A general look.

 

[learn2trade08]

dear kapil and sunil,
Thanks a ton for sharing...

Check the 5 minute candle at 12.14 and 12.49 for Nifty Spot. The low is 4363.50 on both the candles.

Cheers,
Kapil

 

[mitasatyajit]

dear satyajit'sir,
thanks for sharing the charts,simply love those trendlines...Sincerely appreciate you sharing your hard work.
thanks.

U r welcome. I am always at ur service sir.

 

[sikandar]

mitasatyajit
Very complicated to understand while appreciating your sharing
sikandar

 

[renu daga]

what stayajit da has put up through his trend line,,,well see not ata l confusing if u sit silently,,and watch the uptrend liens / and lower trendlines,,,dont take it just lines

secondly one more lien is to be aded which will show minor trend ,,and support the continuation of trend,,whci is till 4300 nifty cash


renu

 

[vishveshchauhan]

It is not an impulse wave as there is no extention. Looks like abc correction.

Best wishes,

I think as per the rules laid down by mr r.n elliott its not necessary to have an extension in every impluse.

 

[ashutoshjani]

I perfectly agree but at the same time if nifty futures break support of 4358 then another downside can occur while on the upside if nifty futures sustain 4525 then we might see rally till 4740...senior members please comment...

 

[uasish]

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