Nifty View (20-11-16)

As per last post Nifty Short Term Update (20-09-16), We assumed that Nifty may go down at least 1000 point from the top & finally we got 8000 level from 8968. Now we can see again a major Trend-line on Daily chart. We assume below 8000 Nifty may hit 7750 almost as a intermediate support & last major support by long term Trend-line at 7200-7300 range.

Nifty Short Term Update (20-09-16)

As per our last post Nifty Alternate Bearish View (06-09-2016), We assumed that Nifty may face strong resistance at #MOB level (8900-9100). Now we can see a major trendline on Daily chart.We assume almost 1000 point is cooked for #Bears below given trendline. 

Nifty Alternate Bearish View (06-09-2016)

Technical said, Market is Bullish for target 9500-9600 or 10500+ from weekly chart in last 2 post. But I think, We should keep in mind an Alternate Bearish view also. Because Market like Surprise mostly. As per Bearish view, We may see double top almost & then double bottom almost in coming periods.

Nifty Alternate View - ABCD Pattern (05-09-2016)

Technically, We've discussed about 9500-9600 range as per Elliott Wave in coming month in last post. I would like to share an Alternative View (Bullish) also, that is ABCD Pattern, where AB = CD. As per ABCD pattern, Nifty may hit 10500+ till Sep. 2017.   

Nifty Update (30-08-2016)

Technical said, short below 8540 only. Friday's low was 8543 & today Nifty breach #MOB level. Now we can see next #MOB level at new high 9500-9600 range. Nifty 500 close above new high today. So, we can assume for new high in Nifty 50 also. 

Nifty Update (28-08-2016)

On request from many friends, I've restart again our blog. But I'll post for major moves only.

Nifty rebound from our expected level 6840 from Budget Day, We didn't expect 8700 level again with in 6 month. Anyway the wind blows, Nifty again at crucial level. As per #MOB 8650-8750 range is the Major Resistance. As per Daily chart, Price & Oscillators are indicating... Profit booking may restart for minimum target #Brexit's low or 200 DMA (7927). But, I'll only short below 8540.

    

Nifty Update (11-02-16)

Technical said, If Nifty unable to hold 7318 then possible target 7120. Due to heavy selling... Nifty breach 7120 in intraday & now below 7000. As per daily & weekly chart, we are expecting 6840 or 6710 target for current downtrend.