Page 13 | Niftyforecast — Trading Ideas on TradingView

NIFTY JUN FUTURES - Elliott Perspective Greetings Traders & readers, ONE Happy news for all, from this month we are about to release FREE insights on NIFTY FUTURES for current contract, in the beginning of every month - starting today...! As you can see from the chart we are about to discuss the analysis on NIFTY in weekly time frames but before that lets also take as deep look at the monthly charts over here, From which one can observe four consecutive months of Rally lifting it from the depressions of 2015 But the entire move as we have discussed is purely corrective in its existence. Don't you think that the market is up for a correction now and lets have a clear insight about what's happening : The Wave 1 as it is earlier described in previous Posts have been developing into an Leading diagonal and this consists of corrective waves replacing impulse waves in their respective places, here it is triple threes in weekly time frames as you can see from the weekly chart, However we have something to be discussed in detail without which the analysis is incomplete and that is to dig deeper in daily charts and we have carried the same in our website with a Video explanation - A freebie, do check it out here, www.mytradingcourses.com ( few Questions of users are also being answered in the video on Previous analysis) Our humble request to all visiting our website/ trading view profile, Please support Us - we are not charging for this analysis and we want to keep it that way, so lend us your hand as support...! share this post if you can, spread the word - a word from mouth is really helpful and like us in FB & Follow us in trading view Thanks in advance...! Thank you for reading the article Regards, Dinesh - senior technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm

NIFTY 50 WAVE ANALYSIS 27 MAY 2016 As per our last NIFTY wave analysis our first wave target 8078 hit by only three days. Wild run on most of the world indices. The above chart we can clearly see short term impulse wave count in that 3rd wave completed. Nifty fell into short ternm sideways into 4th wave for next couple of session. Then we can expect final run of the B wave could start, Reversal level for this wave 8178 and 8225.

Nifty - Sum of all factors - An Elliott Perspective Sorry for the discontinuity as we were engaged in some other obsessions Now to the Analysis, You never understand a movie by missing a half of it , so don't miss it THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here, After that do revisit this ANALYSIS, Each & every trader will definitely find this analysis compelling to read & understand The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as Elliott has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Leading diagonal Triangle. Trade Accordingly at each levels of individual waves & at this point.... Thanks for your time Dinesh -Senior Technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading education & Training firm

Nifty ::: Expected to Sink ::: Risk Call Nifty is expected to sink now. There are many reason why we feel it may sink. 01. It is already trading below quarterly Target 03. 02. Bearish Engulfing in weekly chart 03. To sink and come near 6943 to 6880 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. As we have budget this week it is a risk to trade Nifty our view is 6943 to 6880. We are expecting this to happen on budget day that is 29 Feb 2016. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing. [/b