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/
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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