Friday, March 28, 2014

Nifty Longer Term by Atul Waval


As nifty is blasting up up up only...here click the graph of nifty...as per EWI study nifty will reach near 7600 ..7700 future soon.

Stay long in nifty with 6499 fut as closing basis stoploss.

Current rate of nifty is 6700 future while updating...stoploss is of 200 points (6499)
tgt is 7600..7700....almost 1000 points
check the risk reward..1:5..okay (handsome returns)

regards..
ATUL WAVAL 



8 comments:

Anonymous said...

Hi Atul

Soon is a very vague term
Can you please give it a time period

Thanks

Rajesh Singh said...

As 2 & 4 is overlapping..its diagonal pattern..In that case wave 5 need to be a-b-c and not 1-2-3-4-5...5th wave seems to be complete now

dd said...

Rubbish analysis

tradersguides blogspotin said...

Nifty Spot expect to test 7120 to 7150 by May expiry

mahis said...

All Elliott wave rules are broken in this analysis, wave 1 and wave 4 overlapping, rule of alteration and how can there be 5.

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