Thursday, July 25, 2013

Nifty - Elliott Wave Update

1. The rising wedge is violated, and the first pause may come around 5800 - 5775.
2. Below this levels we may see even lower values.
3. There are multiple possibilities developing in the market and I will cover the big picture this Saturday.
4. For the time being the trend is clearly down, and the intensity warns us against treating this fall as just another retracement to the preceding uptrend.

3 comments:

  1. Dear sir, as my thinking nifty will be go for ABC and then down side for very big mandiiiiiii nothing else only on powers of elliottwave............

    ReplyDelete
  2. Dear sir, as my thinking nifty will be go for ABC and then down side for very big mandiiiiiii nothing else only on powers of elliottwave............

    ReplyDelete
  3. Hey nice blog. It gives nice information keep sharingNifty Updates

    ReplyDelete

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