Nifty Weekly Analysis
Published: Mon, 11/28/16
28 - NOVEMBER - 2016
Dear Members,
The Dust is settling on the Demonitisation scheme, and you enter a month where you will pay more attention to that and to interest rates in India and around the world
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28 NOVEMBER 2016
The weekly elliott wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt.
MEDIUM TERM
The big Trump candle was followed by an inside bar. And this week's hammer candle puts us back in the Trump candle's range. So on weekly charts this leads to a lack of trend. A break of this range starts the next trend. Till then the high low which is quite wide is the support resistance zone. The 40wema at 8312 would be an immediate resistance. Near term the Hammer candle can be reason to expect some kind of a relief rally, but the question is whether it is sustainable ... READ MORE
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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, 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.
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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.
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