Nifty

Published: Mon, 09/18/17

     

Dear Members,

18 SEPTEMBER 2017

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 Elliott Wave structure shows a series of corrective moves since August, so the odds are that we are forming some kind of ending triangle which is not yet complete. The new highs in Midcap indices were confirmed by Nifty this morning and Sensex still lagging. Sensex should catch up. Weekly momentum indicators continue to develop negative divergences with prices as momentum keeps slowing down into the highs. The parallel channel stretches up to 10300 now after being touched once before at 10138...  READ MORE

nifty-180917


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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,
targets are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. This is not a recommendation to buy/sell.
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