Wednesday, June 27, 2012

Nifty - Elliott Wave Analysis

Nifty continues to be in the rut, courtesy strong uptrend in USDINR. Unless it pauses for a while we are unlikely to breakout from current levels. Though the squiggles are giving a chance to label them in a satisfactory manner, nothing can be relied on unless we breakout from this consolidation. We are hoping for a third wave it might either be a wave (3) of [3] of III, or a wave C, but whatever it may be it has to be sharp and dynamic. Keep your stop loss in place and sit tight.

3 comments:

  1. Sir jii Tata Motors ke bare mai kuch batayee na ?

    Shrikant

    ReplyDelete
    Replies
    1. Here is the link for the analysis you wanted http://tradeelliottwave.blogspot.in/2012/07/heromoto-tatamotors-tatapower-tatasteel.html

      Delete
  2. I will take it up on Monday. Monday is the stocks day.

    ReplyDelete

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