Weekly Nifty

Published: Mon, 01/18/16

     

Dear Members,

18 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 

The Midcap index started to catch up with the Nifty and not the other way around. Midcap momentum which was in buy mode till last week went into a sell with a break of averages as well. So Nifty and Midcaps have declined for 2 weeks and are both at the weekly lower Bollinger band on weekly charts. RSI at 38 shown below is also at an important level....  READ MORE

nifty170116b


 
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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess
future probable outcomes. It is our endeavor to discuss high probability outcomes for
traders and investors. However this is not a solicitation to buy or sell stocks futures or
options or any security. Trading in any financial market should be done with sound
knowledge and the help of a qualified investment adviser. Stocks based on the Elliott
wave model are based on the Fibonacci fractal of the market and momentum indicators,
targets are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. This is not a recommendation to buy/sell.
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