Nifty

Published: Tue, 05/03/16

Image
Image
Image
The Complete Technical Analysis
Dear ,

The Latest Long Short Report should be off the Press tonight or latest by tomorrow. A first cut view should be on the website for subscribers.

The big question to ask should be whether the Midcap and Smallcap stocks are starting a bull market or ending one. I use a key indicator to measure the cycle of performance of this segment that has had a longer than usual Honeymoon period.



Today I put out the following chart on FB. And the New high in Midcap indices was not confirmed by Nifty, what I call an inter market divergence. The Nifty Small Cap 100 FREE, index made a lower top and should be on our watch list for the next few days. Will the Honeymoon with these indices continue? The name of the index is amusing, very long and the use of the words free should make for a good joke if they do sell for free. 
Image

02 MAY 2016 

​​​​​​​

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 doji star last week indicated loss of momentum and the outside bar this week shows that bulls and bears are fighting for control. In a doji star a trend reversal occurs if we close below the low of the star so we should have closed below 7842 but did not. However we did not close above the high of the star either. So Nifty remains at a level that is ominous, near the falling trendline from the high waiting for price to confirm what lies ahead. Global market might be giving a lead indication here...  READ MORE

nifty020516
Image

Don't WAIT for this update! GET Nifty Daily Weekly and the Monthly Long Short report and everything else directly in your mailbox

STAY AHEAD of the market turns. 3 Steps away. And WORTH many times more than what you pay.

Go here SUBSCRIBE NOW 

JOIN BUTTON

RECURRING 9$ / Rs. 600 PER MONTH

 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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 endeavour 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,
Price levels are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. We may hold positions in the stocks/markets discussed and are
interested in the views and opinions expressed. This is not a recommendation to buy/sell.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please do not reply to this message. email to  indiacharts@gmail.com