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

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

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

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 Analysis for Nifty

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

Elliott Wave & Technical Analysis for Nifty

Event of the Financial Budget is round the corner. Let's check out the Technical Probabilities as of now.

Elliott Wave & Technical Analysis for Nifty

With pessimism all around, there is a contrarian probability of a Short term move on the Upside in the prevailing larger Downtrend. Check this out - 

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

Nifty unable to close below 5570 gave a quick upmove from the expiry day of last series . We check the probabilities ahead-

07/07/13: The week ended range bound between 5750-5900 in the support & resistance zone mentioned. Updated one EW probability in the post. 

14/07/13: The Triangle pattern developing since last week broke on upside. Updated chart added.

21/07/13: Holding 5935 on closing basis it went up again to make a new high as in the update last week. Now watch for 5975. Chart updated in the post with observations-

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 -

Elliott Wave & Technical Analysis for Nifty

Let's check out the different Time frames and Probabilities for Trading -

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 .

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 .

Technical Analysis for Nifty

Nifty closed below the important level of 6000 in the last trading session . Lets analyze what are the probabilities ahead -

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.

Update for Nifty Trading

Markets were in sideways corrective mode last week . The insight of correction continues this week also as perceived since the start of the Month. 5730 remained unconquered in the sideways markets as analyzed last week . 

Elliott Wave & Technical Analysis for Nifty

The rally is now showing some signs of exhaustion in short term . Indicator diversions , candlestick formations , Pattern , Trendlines and Options data along with EW count probability are suggesting that a correction may set in. 

Technical Analysis for Nifty

First session of the last week took out the Monthly low of 5169 till then, bringing in weakness and trapping series long which culminated in the series expiry towards the low and in the process whipsawed the 200dma /5095 on closing basis on expiry day . Lets now see the technical picture in different time frames -

Trading Nifty

It has been a choppy , low range , low volatility Market since the start of July series. The Monthly range so far has been a poor 180 points apprx. Since last few months ,after making a top at 5630, we are seeing the trading with no followups of any breakouts on either side , important levels and averages being whipsawed , range bound short term trading and now small daily ranges and low volatility. It has been a boring market to trade lately .