Elliott Wave Analysis for Nifty

Check out a Bullish Probability - 

Elliott Wave & Technical Analysis for Nifty

Stock Markets have closed at the Highest Weekly Close level of 2013 and are quite near to Yearly and all time Highs. Lets check out the probabilities at this stage-

Elliott Wave & Technical Analysis for Nifty

Observations in Last Week's Post were- 

Charts present quite a Bearish Probability which if comes true may surprise on the Downside. 

As of now we are in Short Term Down Trend with 'Sell on Rise' kind of Market till closes above 6000 level. 

The Downtrend may mature below 5850 close.

Now further -

Elliott Wave & Technical Analysis for Nifty

Nifty resisted in the 6075-95 zone as updated in the last post. Now we have a very Bearish Probability on cards which also is suggested by the Bank Nifty leading index.

Technical Analysis for Nifty

After some volatile move last week, Nifty is now at cross roads for its Short term move. The bias may be decided by RBI meet on Tuesday . Check out the self explanatory charts below .

Elliott Wave & Technical Analysis for Nifty

One can check couple of previous Posts to get the Trading insight and EW Counts being followed . Check charts there for developing Negative Diversions appearing in the resistance zone of 5950-70 starting for 10 min and moving to Hourly and Daily time frame and now in Weekly .
The Charts and Observations have been updated below. -

Elliott Wave & Technical Analysis for Nifty

Nifty continues in the corrective mode as the insight analyzed from last many weeks . Below are charts with comments for the probability that may lie in future. Please go through them carefully.

Technical Analysis and Elliott Wave Update for Nifty

Markets reacted from apprx. the Resistance zone given in last post of 5380-95. Now the closes after that have been above 5300 and the down sessions have been on comparable lower volumes. The Weekly close has been neutral . Lets check out the probabilities and factors supporting both the causes.

Nifty in 2012 . Is it the 'CheckMate' Year ??

Please read this Post in continuation with the Broader perspective shared at the last Analytical Write up - CLICK HERE , where the Bearish Insight was presented. As I was going through the Year end data and charts , few more things corelating with that view caught  'The Third Eye' .