NIFTY 50 (FUTURES) ELLIOTT WAVE FORECASTS
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AS USUAL, AS A WORD OF CAUTION; THIS IS OUR PRELIMINARY ANALYSIS ONLY AND THE HIGHEST PROBABLE ANTICIPATED MOVEMENTS ARE DISCUSSED HERE BUT WE RECOMMEND YOU NOT TO TRADE BASED ON THIS ALONE. REVIEW OUR POLICIES.
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NIFTY 50 (FUTURES) MONTHLY ELLIOTT WAVE FORECASTS
COMMENTS - MAY 24/2016
The analysis yields expected results. Now to analysis, we have found that every aspect of elliott worked aptly with the chart of NIFTY. The wave (I) & (II) within the Super cycle degree have been completed & other factors do confirm them..!
The Key indication here is that the (III) as we all know is under subdivision into cycle degree in the monthly frame. The wave (III) is gaining traction and the increase in volume is a supportive factor - Acts as an assertion.
* THE WAVES I & II ARE FOLLOWED BY WAVE III AND THEN THERE IS A THROWBACK FOR EVERY TRADER / ANALYST FROM THE MARKET THAT AT THE BEGINNING OF WAVE I, THE MARKET HAS STRUGGLED DUE TO THE WAVE II'S INCOMPLETE PROFILE .
* THE INTERNAL STRUCTURES OF WAVE III ARE BEING ANALYSED IN THE WEEKLY SECTION & ALSO IN OUR BLOG .
BASED ON THIS WE IDEALISE STRONG UPWARD POTENTIAL FOR NIFTY TO TRADE HIGHER.
NIFTY 50 (FUTURES) WEEKLY ELLIOTT WAVE FORECASTS
COMMENTS - MAY 24/2016
As we have analysed lesser degrees we can find the better synchronisation between all time frames. The end of wave II is however affirmative at this point of time & Practically, the wave III hould be gaining its momentum but due to sentiment prevailed in the past - a year ago, the market is into the slow retreat mode - Recognizing previous gains slowly lifting itself from the depressions of 2015.
* IT IS CLEARLY EVIDENT THAT HOWEVER AFTER THE COMPLETION OF WAVE II, THE WHOLE PROCESS IS RESUMING SLOWLY AND IT IS DEFINITELY NOT IMPULSIVE IN NATURE - AS WE ANALYSE IN LESSER DEGREES BUT THEN THE POSSIBILITY OF A LEADING DIAGONAL HAVE BEEN STRIKING CONFIRMING MARKET'S PRICE ACTION CUM ACTIVE PARTICIPATION.
* HENCE UPWARD PRICE ACTION IS SUPPORTIVE AND TRADE ACCORDINGLY AT INDIVIDUAL WAVE LEVELS. TO KNOW ANALYSIS BELOW THIS DEGREE, VISIT OUR BLOG HERE
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