selvamB

selvamB

Analyzing SGX NIFTY FUTURES for future movement of NIFTY INDEX is a good IDEA. Here ALSO the 'B' wave of 4th wave completed at 12821. next would be ABC down leg to unfold. since 4 th wave B has gone more above start of A ,we can expect a running correction (0.618*A) 11523 or an Expanded or irregular correction(1.618*A) 10156. Having our GOVT anounced...

selvamB

As per Elliot wave theory correction waves will end at exact fibanocci ratios like A=B OR C=1.618*A Nifty complete its wxyxz Triple Zigzag correction and the final wave Z is A=C now.at 12770 any break upside will fuel nifty to exend Z wave, The announcement of 15% GDP Stimulus yesterday has no gas muhurat Investers are the only hope tommorow. Money is the...

selvamB

SHORT NIFTY ON 9 TH JULY I IT NOT CLOSE ABOVE10805

selvamB

Last week nifty able to reach minimum retracement of 38.2% of wave A. RBI statement doesn't boosted nifty to rise further. we had 4 weeks of recovery and nifty is in over bought level.As everybody think of bullishness returned in NIFTY, we shall think contra.hence my view is Nifty will unfold its C wave of expanded flat that will bring Nifty to 8200 level.

selvamB

SINCE market reaction is dynamic ,I DONT SEE ANY UPSIDE (ABOVE 9134 IN DAILY CLOSSING IS REQUIRED for bullishness) the next alternative count is unfolding of WAVE 'C' the 5th wave down SHORTING will give good benefits. till april 24

selvamB

The ferocious Wave (a) completed at 7610 from 12080 for 21 days, now the recovery wave(b) under process in ABCDE pattern, if tomorrow closing more than 9134 (trend line resistance 9200) we have more uptrend. So watch for tomorrow(Monday 13th april) and trade accordingly Our final target will be 50% of the total fall(9845 on april 24th) Alternate count: In case...

selvamB

WAVE C2 IS FORMING ITS TRIANGLE PATTERN AFTER WAVE D (THURSDAY) BANG BANG WAVE E WILL EXPLODE. GRAB THE OPERTUNITIES ON EITHER SIDE $$$$$$$$

selvamB

My revised count gives me very easily we can wait for 7916 which is equal to wave 1 . If tomorrow it breaches it denotes we may have more down side after a bounce

selvamB

Next 4days good for long trades

selvamB

TODAY the final wave 5 will complete. Monday by 12.30 pm a new wave 'A' WILL BEGIN

selvamB

MY CHART DISPLAYS all elliot wave conditions respected in gold futures monthly . Whatever may be the economic woo's this commodity(not safe heaven)will come down

selvamB

TODAY WAVE 4 COMPLETED. Monday wave 5 correction will bring nifty to 8342 level as shown in my chart. but wait do not short nifty, rather buy NIFTY after 8342 respected (not breached). you may be in the jet which is going up. see the next move to capture the shorts. HAPPY TRADING

selvamB

WAVE ,B, MAY END NEAR 11108/11061 AND WE CAN EXPECT WAVE C IN NEXT EARNING SEASON

selvamB

My last post disappointed many shorters but this time it may not. momentum divergence also support my count.SENSEX making DOUBLE TOP wait for confirmation,/// breaching the bullish trend line/// and setup your shorts,for quick money in options .better buy july puts if any doubt, clarification i am ready

selvamB

CHART explains everything lets wait for short entry to buy put options

selvamB Updated 

When I said the target for NIFTY(9400) about two months ago nobody(including myself) benefited by keeping long position. No wonder that is human psyc. NOW see the chart for 5 completed motive waves,the WAVE 5 is struggling to pass 9375 which is 0.618 times of wave 1 next week we have a definite answer. the MAGIC number is 9220. if 9220 supported we have another...

selvamB

A bullish 5 wave up move completed @9218 .An handsome reward to my followers. elliott wave prediction gives you freedom of fear in all type of finacial assets. now its time to take opposite position. waveA ,B completed today@9169(target for B wave(0.786%of wave A = 9174 not breached) Simply take a short position and relax for a week. let us meet after 1st target of 8969

selvamB

A month ago in my view i suggested to go long on nifty for a target of 9200 now final bullish rally has to emerge and that will help to reach my new target of 9466(wave55)