Nifty Weekly Update - and Bond Yields

Published: Mon, 12/11/17

     

Dear Members,

11 Dec 2017

In this weeks Silent Threat its Bond yields. It is the Elephant in the room. While everyone is watching something else this slow moving rate print is now a trend being widely accepted. I do not think it stops anytime soon. The first victim then is USDINR as bond funds both domestic and global start to take note and reverse their bond trades. This is important.

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The weekly Elliott Wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt of our observations from recent publications.

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NIFTY ELLIOTT WAVE UPDATE 

Nifty weekly charts, as discussed in this weeks video, show multiple divergences in momentum indicators. Similar to the pattern seen in 2015 for months where prices keep taking support on the 20 week average to extend higher till they don't we are extending again and again. So this week we took support on the 20 week average again leaving the door open. On an arithmetic scale the rising channel is the key resistance and is at just above 10600.  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,
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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