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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.

NIFTY 1 HOUR CHART 

NIFTY 15 MIN. 

NIFTY 5 MIN. CHART

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 #ELLIOT WAVE ANALYSIS. NIFTY VIEW FOR TOMORROW AND UPCOMING DAYS

           Hello Friends,

                                     Nifty today remained in a range and given a wonderful profit to those , who had traded on our Nifty Future Intraday Range of 12040 - 12120. Which given more than 200 points. it was posted on FB Page only. 
                                
                              Now as per Elliot wave analysis, i have posted Nifty Weekly, Daily, and 15 min. Chart. Due to Intraday Calls pressure. i just made a mistake yesterday in a hurry , i made a wrong judgement , so i decided to post Weekly , Daily charts Thus it will be easy to understand. Nifty cash completed wave A on 12080 earlier and than later it completes wave B by the end of day at 11999 level. There are 2 Views i am seeing on Longer term as well as Short term.

View 1. : Nifty already made ((i)) on higher degree on Daily chart at 12157 on Top. and later it completed wave (i)  impulse wave of  Corrective Wave A  at 11936. Now Wave A & B of Wave (ii) are over today. Tomorrow it should move up to complete wave C (ii) at near 78.6 % of ((i)) at 12110 cash levels. Than after completing it we may see further fall with starting 3rd wave towards 11000/11100 level in coming day starting by Monday with a quick corrective move.

View 2. : Nifty hasn't made his top yet. This confirmation we can get after Weekly closing only on closing of 9th Dec. 

Conclusion : In my view market is heading towards 11100 level. We have to wait for the weekly closing till Tuesday.

NIFTY WEEKLY CHART 1

NIFTY WEEKLY CHART 2

NIFTY DAILY CHART 

NIFTY 15 MIN 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.

                                  

Bear move over !! it is start of Bull phase. 12400 / 12700 levels next !!

  Hi friends,

                        Little correction in the previous chart , it was wrongly written as (i) in place of A. Toady it made a low of 11936  [ 78.6% of wave ((i)) ] . It seems that the wave (ii) is over or about to over. it should not go below 11930 level. Wave 3 has started. Now 12400/12700 level are the next Targets

NIFTY 5 MIN. CHART

NIFTY 15 MIN. CHART

Nifty 1 Hour 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 in downward Channel , Elliot wave analysis, Chart pattern & Indicator

Hello Friends,

                            Today Nifty shown one sided down move from morning. Later in the end some profit booking seen.  From top at 12067 level it was more than hundred point of down-move. it was expected , as i posted on FB page the bear play  start yesterday. 

                            I have posted Nifty Cash 15 min. , 5 min and another 15 min. chart. 

Nifty 15 min. Chart

Nifty in a downward channel completed its smaller degree (iii) near 11960 , and than near 12000 level (38.6%) could be the end of wave (iv) or a in case of sideways . 

Nifty 5 min. Chart 

Now for tomorrow, Nifty Cash 12000 level can work as Resistance initially, and the Support level should be 11950/55 Cash levels (initially). later after 12.00 noon we can see downside till 11900 level . 

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 Elliot wave short term view. Is it making Ending Diagonal ?

Hi Friends,

                     This blog is for complete market study. It follows Elliott Wave theory, Dow theory, Option Analysis, Candlestick and Chart pattern etc. 

    Nifty View :
               
1.View (BLUE) Nifty Cash , I am expecting to make Ending Diagonal which i mentioned earlier on my Facebook page too. Wave (i) completed around 12157 . Wave ii is under process,  after completing it will head upwards (wave (iii) ) follow by wave iv and v making an Ending diagonal and Than a fall till 11000 /11200 level we may see.

2. View (PINK) Nifty already made a high at 12157 (100 % of wave 1 to 3 at smaller degree ) We are heading towards the 11000/11200 level.

As per as my view concern, i think 1st view is much trusted . as i had predicted of Friday big bear move of more than 150 points (wave C) day before giving much clear view. Rest Intraday confirmation after Option analysis only.



      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.