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Beginning of Bear Market !! 11000/10000 Next. 2020 - 2021

Hello Friends ,

Nifty Cash made high recently around 12292 . Last post i told it should go for 12400-600 level. Nifty making Ending Diagonal on Weekly chart, and Wolf wave also on daily.

Nifty seems to have completed Wave (iii)Yellow
(Monthly time Frame) .

Nifty has made high of 12292 with the end of Ending Diagonal on weekly time frame and wave i (Corrective wave) has started. The Confirmation of this top we will get on the end of this week 31 December.

A big phase of selling has started or about to start . This big impulse started from 1st February 2016
has ended on 31 December 2019 .

Nifty will show 11000 / 10000 level in next 1 - 1.5 year. Tomorrow i am expecting up move that would
complete wave ii , and later on Friday or Monday bear play may start.

(if it not confirmed at the end of the week) 2nd view : Further up side left. 10400...(in that case it can make a Diagonal rare chance)

But i think it has make the top. Bear market has begun.

With Regards,
Arun Khanna

Charts attached to this page :--

Nifty Chart : Weekly, Daily, 5 Hour, 1 Hour, 15 Minute .

NIFTY WEEKLY CHART

NIFTY DAILY

NIFTY 5 HOUR

NIFTY 1 HOUR CHART

NIFTY 15 MIN. CHART

Nifty Important Resistance level broken. #EndingDiagonal. #Doubletop

Hello Friends,

Nifty today broken a important Resistance level of 12157 Cash level. Where most of the traders were expecting a Double top. Now for next few trading sessions we have to see. Does Nifty sustain above this level. if it succeed than we can expect further up side till 12450-650 level. Nifty looks like making a Ending diagonal on monthly chart.

NIFTY MONTHLY CHART

NIFTY WEEKLY CHART

Thanks , with Regards

Arun Khanna

Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.

One must analyse his own before making trade or invest.

#NIFTY TOMORROW EXPECTED MOVE

Hello Friends ,

Nifty as expected i told it should be a corrective wave in both the condition it made low of 12072 NIFTY FUTURE level was near the Support level given today at 12070 - 12150 NF range.

Now for tomorrow view. it should be irregular followed by a zigzag as shown below. Rest confirmation after Option analysis only.

NIFTY 15 MIN. CHART

Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you. I am not recommending anybody to sell or buy any stock.

One must analyse his own before making trade or investment.

NIFTY ELLIOT WAVE ANALYSIS NEXT STEP , #FALLING WEDGE #ENDING DIAGONAL

Hello Friends,

Nifty made a Falling wedge ended near 11840 on 11 Dec. I couldn't continue blog daily basis due to some urgent work. Now it made a high which is 78.6 % of this Ending or Leading Diagonal (will come to know later) .

As i told you in my before previous post that it isn't confirm . Weather Nifty has made his top or still Nifty is in wave ((iv)).

But in my view its look likely that still wave V to complete. Nifty is in sideways. i am not confirming it . The previous bearish view will be confirmed by Monday itself (Blue). but the indicators are not suggesting with this ferrous up move . On invalidation of this view, it should be sideways market . and Nifty is in the wave iii of wave A of wave D.

Rest more clearer pic i will post with All time frame charts after Monday.

3 Charts i have posted as below :

NIFTY 1 HOUR CHART (ENDING DIAGONAL)

NIFTY 15 MIN CHART

NIFTY NEXT EXPECTED MOVE

For more reliable result wait for Option updates tomorrow morning.

Disclaimer : Please ask your financial adviser before making any investment/trade , as the author will not be responsible for any kind of profit or loss made by you.

One must analyse his own before making trade or invest.

Thanks , with Regards
Arun Khanna

#NIFTY #ELLIOTWAVE ANALYSIS #TOMORROW'S VIEW

Hello Friends,

As expected Nifty should fall in the last blog it happened buy little early. I was expecting it go further up near 78.6 % but it came down from 61.8 % which is also eligible condition for wave ((ii)) . But the question is . Is the wave ((ii)) completed on Thursday on 12080 level or we are still in wave ((ii)) ?

(i) Condition 1st : ( Red lines ) In this case , there are chances that it may open little gap up and easily cross 11950 level thus in this condition it can go till 12130 level max. than the wave ((iii)) will start.

(ii) In Condition 2nd : ( Pink lines ) : In this condition it shouldn't go much higher to 11950 and will sustained near or below this level. and later after 11.30 p.m . it should fall and much lower level we may see till 11700 level at least.

Three charts are posted 1 Hour, 15 min. , 5 min.