Blood Moon, Eclipse, Stock Markets, Nifty, Elliott Wave,.......

On 27th July 2018 we witnessed the Blood Moon, Longest Total Lunar Eclipse of the Century !!!

Elliott Wave and Technical Analysis for Nifty

Let us take a look at the Probability 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

Elliott Wave and Technical Analysis for Nifty

Is there a Reversal in sight ? Let's check the last post observations and follow up -

Elliott Wave & Technical Analysis for Nifty

Nifty's Trend is that of sustained upmove with only Short term corrections and making Higher Lows- Higher Highs. 

Lets check out what lies ahead before upcoming Annual Budget -

Elliott Wave & Technical Analysis for Nifty

Last Post had calculation for the upmove from 7723 to be in final phase and a likely culmination above 8550+ . Now further update -

Elliott Wave Analysis for Nifty

Below is a Multi Time Frame chart showing Elliott Wave Probability -

Elliott Wave & Technical Analysis for Nifty

Last few Sessions and Weekly close have been above 200 dma indicating Technical bullishness. 
Lets check the Probabilities now with the Charts & Observations for the Trading Insight.

Elliott Wave & Technical Analysis for Nifty

As analyzed in the last post , a Rally to the mentioned target zone near 5675-5725 happened from the support zone of 5295-5335. Now lets check further -

Technical Analysis for Nifty

The Down Trend continues, firming up in Higher Time Frames. Chart updates and Observations as of now -

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.

Elliott Wave & Technical Analysis for Nifty

As in the last post , without invalidating 5885 , tested 5640 and below but held this support on closing basis. Lets check further -

Nifty Update : Elliott Wave & Technical Analysis

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Added Updated Chart as on 09-06-13 in the Post below . Brief in Comment section.
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Elliott Wave & Technical Analysis for Nifty

Global liquidity flows , probable current a/c deficit to go down with Crude & Gold prices, and Interest rate cut probability on low inflation data , help maintaining the Trend on Upside . Now further -

Nifty Update

Check out the charts updated from last week's post with observations .

Elliott Wave & Technical Analysis for Nifty

Was not able to update a new post last month but observations in the comment section of last post held good to capture the reversal from 5477 bottom above crucial 5550 level then. We have done the 5960 target as mentioned. Now further-

Elliott Wave & Technical Analysis for Nifty

The bounce in oversold conditions materialized on the last trading session of the March series after trading in an ending diagonal pattern in the truncated week. Lets check the trading probabilities ahead .