Indice Nifty 50Long
ELLIOT FORECAST FOR 6 JUL 20
ANALYSIS BASED OB TECHNICAL PARAMETERS ( NO NOISE)
TODAY NIFTY AFTER HAVING A STRONG UPTREND BEAT MOVED INTO CORRECTIVE MODE AND SIMULTANEOUSLY COMMENCED WITH ITS PH 2 UPTREND IN THE LATER HALF. BUT WE NEED TO BE CAUTIOUS AS THE ENTIRE MOVEMENT IS SOMEWHAT IS NOT VOLUME SUPPORTED HENCE,STILL HOLDING THE POSSIBILITY WITH A-B-C CYCLIC.SECONDLY, ALTHOUGH NIFTY REARING TO MOVE-UP, BANK NIFTY IS PULLING IT BACK.I'M INDICATING THE CO-RELATION BETWEEN NIFTY AND BANK NIFTY.AS OF NOW THE MOOT POINT NIFTY WILL CONTINUE WITH ITS UPTREND AS PER W-X-Y LABEL.
ASSESSMENT IS FOR EDUCATIONAL PURPOSE.TRADE AS PER YOUR RISK.
VIEWS MOST WELCOME
TODAY NIFTY AFTER HAVING A STRONG UPTREND BEAT MOVED INTO CORRECTIVE MODE AND SIMULTANEOUSLY COMMENCED WITH ITS PH 2 UPTREND IN THE LATER HALF. BUT WE NEED TO BE CAUTIOUS AS THE ENTIRE MOVEMENT IS SOMEWHAT IS NOT VOLUME SUPPORTED HENCE,STILL HOLDING THE POSSIBILITY WITH A-B-C CYCLIC.SECONDLY, ALTHOUGH NIFTY REARING TO MOVE-UP, BANK NIFTY IS PULLING IT BACK.I'M INDICATING THE CO-RELATION BETWEEN NIFTY AND BANK NIFTY.AS OF NOW THE MOOT POINT NIFTY WILL CONTINUE WITH ITS UPTREND AS PER W-X-Y LABEL.
ASSESSMENT IS FOR EDUCATIONAL PURPOSE.TRADE AS PER YOUR RISK.
VIEWS MOST WELCOME
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