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Elliott Wave and Technical Analysis for Nifty

Let us take a look at the Probability as of now. 

Technical Analysis for Nifty

Follow up of the last Post -

For last two weeks prices have been moving in a tight range above/ below 7500 and now seems to have broken out of this range in the last session.

This week is truncated followed by the Expiry week.

Nifty- Budget 2016

Last Post  http://aar-vee.blogspot.in/2016/02/elliott-wave-technical-analysis-for.html#more expected the following Probability :

Since Trend is Down, keeping below 7230 close we may retest the Low / further below. 

We may get an upside bounce on a close above 7000 to test the Resistance zone now at 7150-7230.

Close above 7270 may signal a Bottom in place as of now.

Positionally the Low 6869 and apprx 100 points below is now a good Support zone.


As of now :

Will update on this further. 

Elliott Wave & Technical Analysis for Nifty

A Big Weekly Downside. Markets Down almost 25% from the Top of 9119. Check out the Charts as of now.

Elliott Wave & Technical Analysis for Nifty

After a dull expiry for Jan series and big move on Friday, lets check out the charts as of now -

Nifty in Expiry Week- Jan 2016

Are the Bears leaving or still sniffing opportunity?

Last week Nifty achieved the basic target of Correction at 7350 apprx and went further down. Let us check the short term Probability in store for this week.

Elliott Wave & Technical Analysis for Nifty

Prolonged Correction is on from the High of 9119. The start of 2016 has been quite Bearish. Check out where do we stand in bigger Picture and the probable structure of Correction .