Nifty Weekly Update

Published: Mon, 10/22/18

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Nifty and the Indian Corporate Bond Market

22 OCTOBER 2018

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MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE

After breaking 3 trendlines on the way down this blue line of the last two swing lows has held out so far for 3 weeks. and we are now into expiration week. The fight is now between the blue and yellow trendline. It is a game of table tennis, both will whack the nifty till one misses the ball. At times like this the short term trend and medium term trend can be opposite to each other and that is just a reality we have to deal with. the market never moves in a straight line. 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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