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Let’s analyze Nifty to check it’s current progress and future direction. For that we will see 1 hr chart of Nifty.
As per this char wave 1, 2, 3 and 4 looks completed and wave 5 is in progress. We tried to measure the possible termination point of Nifty. For that important level are coming are 12390-12532-12674. To understand the development from the low of 1193...

Today we will try to analyze Bank Nifty as per Elliott wave. For that we will see 1 hr chart of Bank Nifty.
As per this chart, from the low of 27571.2 wave 1, 2, 3 and 4 has been completed and wave 5 is in progress from the low of 30902.6 and if we try to project wave 5 in this chart the levels which are coming out of this are 32827-33422-34017. Now let’s...

Today we saw a good fall in Nifty. Previously we expected Nifty to fall sooner or later as all the requirement of wave formations was getting over. Now let’s analyze Nifty to understand what is happening. For that we will see Nifty 1 hr chart first.
As per above chart wave 1, 2, 3 and 4 looks completed from 11090.65 to 11832.5 and wave is mostly completed at 12293.25 as of now. To understand clearly let’s see 15min chart....

Let’s analyze nifty which has shown very good uptrend recently from the low of 11090.65. To
understand it clearly let’s see 1 hr chart of it first.
From the above chart we can see that wave 1, 2, 3 and 4 has been completed at 11832.5 and now wave 5 is under progress. Wave 5 has achieved it’s normal 38% target by making high above 12240 and next target at 50% level is at 12365 which may come or may...