Volatility in India stocks spiked higher last week as panic set in the nation’s financial shares and dragging down Bank Nifty and other benchmark Index. Investors confidence remain fragile after the recent default by IL&FS (Infrastructure Leasing & Financial Services). Then last Friday, India’s central bank rejected the tenure extension of  Yes Bank’s Chief Executive […]

Nifty Elliott wave analysis suggests that the rally to 11171.55 high ended primary wave ((3)). Down from there, the decline to 9951.9 low ended primary wave ((4)) pullback. The internals of that pullback unfolded as Elliott wave double three structure with sub-division of 3-3-3 corrective swings in each leg. Down from 11171.55 high, the initial decline […]

Nifty MIDCAP super cycle from 2009 low remains in progress as an impulse and we believe the Index is still within the powerful wave (III). Rally from March 2009 low to November 2010 was wave (I), dip to August 2013 low completed wave (II). Up from there rally to April 2015 peak (3581) completed wave […]

The Nifty 50 Index has a bullish sequence from the lows to the all time highs. The index currently shows nine swings up from the all time lows into the 2018 highs. It is now correcting the cycle higher from the February 2016 lows. This is noted on the chart with the red 8 label. In […]

Today, we will have a look at some Elliott Wave structures of Nifty which we presented to our members in the past at in the members area. Below, I attached our 4-hour weekend update chart presented to our members on the 03/04/18. Calling more downside after a double three Elliott wave correction. We suggested to […]