January 24, 2018

Elliott Wave Analysis Update of Nifty on All Time Frame as on 22 Jan 2018

Nifty registered new all time high 10906 on Friday, 19 Jan 2018 and bounced more than 800 points in last 8 weeks. Though, there is no change in long term wave counts but still I am preparing a fresh All Time Frame analysis report because last all time frame analysis report I prepared in Aug 2017 and many of my clients and followers are asking about further possibilities of Nifty at these higher levels.

So, today I am revising wave counts on all time frames to conclude the further possible road map of Nifty in Long, Medium and Short Term. Let’s start with a monthly chart covering life time move of Nifty.

(Friday, 10827 was immediate breakeven point on upside and I expected minimum bounce towards 10887-10917 if breaks above 10827 but with cautions at higher levels. Trading strategy was to exit Jan 10700-10800 puts (if someone holding) at 10827 but no other trade was suggested. Nifty bounced above 10887 to registered new life time high 10906 as expected.)

Read more at http://sweeglu.com/elliott-wave-analysis-update-of-nifty-on-all-time-frame-as-on-22-jan-2018/

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