Nifty Weekly Update

Published: Wed, 03/14/18

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Dear Members,

14 MARCH 2018

If you missed my YouTube chart round up last week then you will enjoy it here https://www.youtube.com/watch?v=pI0V5zldj1o&t=13s

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.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE

On Friday as markets got oversold I called for a bounce, and now the momentum has a positive divergence. This is a dangerous time to be calling bounces though as we are in a major downtrend. That said sharp one sided moves bigger than those seen during the bull phase are signature to bear phases, so we should get used to it. But they may not be broad based and low in volume and that can give away what is classically called, for a reason, a ''Dead Cat Bounce''. READ MORE

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In Yesterdays Podcast I noted that it is all going to be about the Bond Market so here is the chart you need to watch.

The US 10 year note remains in wave 4 up before wave 5 down can start. Alternation at work

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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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