Nifty Weekly Update

Published: Mon, 06/25/18

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25 JUNE 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

Last week i discussed this chart with Insiders, the break of the 2013 trendline for the Midcap index, and it rallied back to kiss it after breaking it. An event called a pullback. Staying below the line keeps the trend down and the pullback then acts as a selling opportunity for traders. With 3 support points on it the trendline is strong. In fact the March'18 low [not marked] is also on the line. These indices have so far been leading the fall and hopes are that Nifty holding ground might manage to change sentiment despite these losses. Either that or it is about time for Nifty to catch up with where the real market is. READ MORE

midcap 250618

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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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