Nifty and Gold

Published: Thu, 06/09/16

Image
Image
Image
The Complete Technical Analysis
Dear ,

Some people ask me about my long term Wave counts and historical chart which you can find here. LONG TERM, and if you want an even more dated chart I have attempted one in the Economic Cycles report below

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




07 JUNE 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 

Nifty reached its next target zone and is extending to close in on the Junly 2015 high along with Bank Nifty. These are important pivots. The Midcaps for the first time in over a year are lagging behind the rest. The Nifty has followed a 2-3 week cycle for most of last year and we have completed 2 weeks up. So even as Nifty breaks out of the falling trend...  READ MORE

nifty290516c

I have written about Gold starting a long term up trend and also about Gold mining stocks that do well in that environment. In the recent Gold rally some of them doubled. In India you have to play that with a Gold fund that invests in mining stocks. There is only one listed entity in India but it does not produce much yet but could get speculative if the trend develops. This video throws some light on Mining stocks and the risks that you need to bear in mind long term.
  The Truth About Silver & Gold Mining Stocks - Mike Maloney
Video
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 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, Levels are based on Fibonacci maths and are only indicative of what the mathematical model throws up. This is not a research report. We are not investment advisors This is not a recommendation to buy/sell.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Value Wave Stocks discusses the short term trading set ups that we use while taking our trading decisions. Value wave Investments. discusses the long term set ups that we use while taking our investment decisions. We hold investments in these stocks and are interested in these opinions. This is not the only reason considered while taking our actions. Kindly take the help of a qualified investment advisor before trading. Rohit Srivastava is a Fund Manager of a trading PMS fund at Sharekhan Ltd. that has active open long and short positions in the futures markets at any point of time. The opinions here are for your education and understanding only of how we identify stocks to trade/invest in. We change our opinion daily and even hourly. Any actions taken by you are at your own understanding and risk. We do not offer personalised advise or research of any kind.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You have received this mail because you signed up for it on our website and agree to our terms and conditions and privacy policy listed there. If not, you may unscubscribe with the link below at any time.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please do not reply to this message. email to  indiacharts@gmail.com