Nifty

Published: Tue, 12/27/16

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The Complete Market Analysis
Dear ,

And the final week of the Calendar Year is here. The monthly Quarterly and Yearly closing should make for some interesting analysis as always.




26 DECEMBER 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 has been in a bear market since 2015, and the 2016 high was lower than 2015 and an X wave. The current decline in the market is now 4 months old and we did see a hammer candlestick in November that means bulls attempting to protect 7900. Bank nifty at the same time formed a doji star showing a lack of momentum. Bank nifty this week closed below the star showing a continuation of the downtrend, however Nifty below is only testing the 7900 mark. This mornings video update to subscribers explains expactly what to expect at this level ...  READ MORE

nifty261216

 LONG TERM  

THE LONG & SHORT REPORT :- The LSR is our detailed monthly forecast of where the markets are headed, including sentiment indicators, inter market analysis, wave counts and a global perspective . Report now available TO Indiacharts Subscribers.

Long term Perspective and Basis: Updated 05 DEC 2016

Sensex has been in a long term up trend and you can argue in its favor till the grey channel is holding. Most would mark the 1990s as wave 1 and 2 longer term and i did too for long till I overlayed the Kondratieff cycle on it. The historical chart perspective is discussed in the Economic Winter section of the website. The chart below therefore shows a 4th wave triangle from 2008-2013. The 5th wave after that ended in 2015 and we broke the blue trendline last year from where I am marking it as a bear market.

 

 sensex051116
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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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