Nifty Weekly Update

Published: Mon, 04/23/18

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23 APRIL 2018

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

Nifty weekly momentum crossed over to the buy side after a prolonged period of negative divergences that drove the most recent correction. This at a time off extreme negative sentiment has played a role in adding to shorts has provided the Nifty support. We also closed above the 20 dma for two weeks now but have to overcome key retracement levels if the up move has to continue. [https://youtu.be/tSBVe2xMk5M], 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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