Nifty weekly and Video Update

Published: Mon, 05/16/16

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The Complete Technical Analysis
Dear ,

This weeks Nifty update and my Latest Video on my You Tube channel. For the Long term wave counts on Nifty do visit www.indiacharts.com and find it on the home page itself.




16 MAY 2016 


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

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MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE 

Nifty closed the week positive after a 2 week decline but lacks volume. The attempt to breakout above the upper trendline therefore failed and will need more power. Failure to breakout would set us up for a decline again...  READ MORE

nifty160516

  Nifty - Should you Sell in May 2016
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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 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.
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Please do not reply to this message. email to  indiacharts@gmail.com