Saturday, 13 December 2014

Nifty Elliot Wave Count

Nifty Chart:

Elliot wave count for Nifty is marked in chart above. Currently we are wave iii of wave 5. 

I closely follow 68 days moving average which is at 8181 
Gap support at 8180
50% fibo extension for wave 5 8170
Hourly channel support at 8158
5mcema is at 8149

So we have a support band in 8150-8180 range and I expect impulse wave started from 8627 to finish in this band.. 

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Happy Trading. 

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

1 comment:

  1. Your veiws are so accurate! plz post it on regular basis!