AUTOMATED TRADING

AUTOMATED TRADING

13 January 2014

NIFTY ELLIOTT WAVE ROAD MAP



FINAL RALLY IS IN MATURE STAGE.

Nifty took support 6130 level and gave a sharp bounce back from there. It forced me to change little in wave count on nifty daily chart. Earlier we wrote that nifty may fall upto 6056 or 5970 level and showed a picture upside rally towards 6430 level in my previous chart., but internal c wave truncate around 6130 and bounced back. 76.4% retracement level is working well in nifty. Look at the chart below. Each up leg is 76.4% of its previous up Leg. If nifty is going to follow it again in its final leg than possible target is coming around 6468 level. Previous up leg was 443 points rally. Its 76.4% rally will be 338 points. 6129 + 338 points + 6467.
 
We have draw a triangle type of pattern also. Upper falling trend line pattern may provide little hurdle for bulls. But any break below 6130 will force nifty towards heavy fall. 


Posted by at

Disclamer:-

Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Futures and Options markets. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell Futures or Options.

The contents of this site are for general information purposes, only. The strategies/plan discussed above in this thread/site is made by me based on data which is operated and maintained by third parties. However it is tested and proved every attempt has been made to assure accuracy, but it is by me only. We assume no responsibility for errors or omissions. Examples on this site and in the manual are provided for illustrative purposes and should not be construed as investment advice or strategy. The future data manual is for informational purposes only. These predictions/tips are technical , based on charts conditions ONLY. This is only a guideline, the decision has to be taken after logical thinking by you. Technical analyst and astrologist will not be liable for any personal or financial losses or profits.

The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

By your act of reading this independent and individual market research, you fully and explicitly agree that Rajesh Singh or My website (www.niftyeyes.blogspot.in/www.niftyeyes.in) will not be held liable or responsible for any decisions you make regarding any information discussed herein. Take a proper advice from a certified adviser before invest in future and option market.