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.