Nifty

Published: Mon, 01/25/16

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Market Forecasting At It's Best
Dear ,

It was a violent 2 weeks especially as the Nifty was initially falling without the Midcap stocks and all of a sudden everything wanted to sell off all at once. This can lead to a panic. But the reasons for the panic were about trends that have been around for all of last year and I have written and spoken about them, so they were like yesterday's news today. That is why this most recent panic appears late in the trend. The market has fallen for 3 quarters similar to 2013. What next?

IC Nifty EW Update

24 JANUARY 2015 

The weekly elliott wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE 

Waiting for the week to close positive would be apt for a confirmation but I am being preemptive here. The reason is that we are at the end of a 3 week cycle, Wave (a) was 3 weeks too so time wise (c)=(a). RSI on weekly remains very close to the 37 range, and volumes similar to those seen in September support the idea of a selling climax.....  READ MORE

nifty240116

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Rohit Srivastava
www.indiacharts.com
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