Nifty at critical Technical levels

Published: Thu, 04/28/16

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The Complete Technical Analysis
Dear ,

The Long Short Update gives a follow up to our overall view of the market published each month so that you are up to date with the latest position of key sentiment indicators and set ups. The Nifty as discussed below is critically poised at a falling trendline and retracement. So is the Bank nifty. Today's LSR has been posted to subscribers with detailed levels and indicators. Below is the weekly update from the website.

I hope you have read the Latest Economic Cycle Update, if not it is here Indian Economic Crisis 2.0




​​​​​​​25 APRIL 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 

A Doji star on the weekly chart at the falling trendline shows a loss of momentum for the time being. The up trend is now 8 weeks long and puts us at the end of a 2 month cycle. A Doji star is a weekly candle where the open and close for the week are almost the same, the high and low are not far away so it is a small trading range. Ideally volumes should also be low for it to confirm the loss of momentum. Confirmation comes from a price move outside the high low range and a close above or below the candle as a trend confirmation...  READ MORE

nifty250416
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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess
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Price levels are based on Fibonacci maths and are only indicative of what the mathematical
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interested in the views and opinions expressed. This is not a recommendation to buy/sell.
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