Nifty Weekly Update

Published: Mon, 07/02/18

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02 JULY 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

Not all indices closed the month/quarter positive in India or around the world and so Inter market divergences continue everywhere. After 5 weeks of gains Nifty closed the week down. The gains were actually not much as weekly candles were doji patterns where the open to close is almost the same. It signalled a lack of market momentum on the upside. The downward move however did not start till now. This Indiacharts Subscribers video below discusses the short term wave count. You can also watch it here https://screencast-o-matic.com/watch/cF1Uh5F0EB. READ MORE

Nifty Elliott Wave Update Video

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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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