SPX5000

SPX5000

As per my analysis , USDINR is trading in wave 3(3) which should take USDINR higher above 70+ levels over a period of time.

SPX5000

As per my analysis we might be very close to a wave 4 bottom which we have been searching since the correction from 1.25 levels. Ideally Euro should form a low in the zone 1.2084-1.2040 after which the move towards 1.26 should start. To maintain the bullish view Euro should trade above 1.1960.

SPX5000

As per my analysis S&P 500 is trading in wave 4 of 3 of 3 after which we should see S&P 500 extend towards 3300. There is a high probability that wave "c" could be shorter than wave "a" so ideally we should see wave "c" end anywhere in the zone between 2535-2460. Good Luck Traders !!!

SPX5000

As per my analysis Nifty is currently trading in wave 4 of 3 of 3 which means Nifty have a long way to go higher to complete the 5 wave structure. The 23.6 and 38.2 fibo retracement levels of wave 3 of 3 of 3(4520-11170) comes at 9600 and 8600(8600 is also a trend channel support), ideally wave 4 should find a bottom in between those 2 levels. If we project wave...

SPX5000

As per my analysis Euro is currently trading in wave 2 of 5 of 5 which means we are couple of minor upswings away from forming a medium term top in Euro. The anticipated price action is shown as blue arrows on the chart.A direct break below 1.2156 and subsequently 1.1961 without forming a new high above 1.2555 will confirm the down trend has already started. If...

SPX5000

Since my last update Nifty moved higher towards 10,478 and then reversed lower to wipe out the gains made during the beginning of the week.Let us look at the possible outcomes after last weeks price action. My primary count still favors a move lower towards 9200 levels to complete wave C. As per this wave count Nifty has started the wave 3 of C so expect some...

SPX5000

In my previous analysis on Nifty I presented the possibility that Nifty could be headed lower towards 9700 in a wave 4 correction within the larger wave 3. During the last month Nifty consolidated between 10,300-10,640 but was unable to move higher above 10,640 . The fact that Nifty couldn't move past 10,640 in somewhat favorable global environment was a worrying...

SPX5000

Euro is forming an expanded flat which could end at around 1.22 for a final push higher towards 1.26 to complete the uptrend which started from 1.0340 levels. If Euro directly breaks below 1.1961 before 1.26 then the top has already formed, but that probability is low at the moment so watch out for the rally from 1.22-1.26 before the impending big...

SPX5000

It is a possibility that we ended wave 3(3) at 11,171 and market is undergoing a wave 4(3) correction in the long term charts.Nifty could have completed wave (a) of correction at 10,276 today but the correction doesn't seem complete so it is possible that market can correct to levels closer to 9,700 after a pullback . In the long term chart we are still in a wave...

SPX5000

Anticipated Nifty trajectory with targets > 11,500 and medium term stoploss as 2 consecutive close below 100 DMA which currently stands at 10,265. Good Luck Traders !!!

SPX5000

As per my analysis Euro has completed wave 3 of the Ending Diagonal(ED). If Euro is indeed forming an ED then EURUSD should make a low beneath 1.1961 to complete wave 4 before heading higher to complete wave 5. The analysis will be invalid if Euro breaks above 1.2381 before making a low below 1.1961. The anticipated price action is shown via red arrows on the...

SPX5000

Nifty scaled new highs in 2018 and is trading around 10,630 levels currently. Let us analyse the Nifty chart in detail for clues to decide what lies ahead in 2018. As per my analysis Nifty is currently trading in wave 1 of a new impulse which started from 10,033. Nifty is about to complete wave 1 around 10,700 before starting a correction. The impulse 10,033-...

SPX5000

If we analyse the EURUSD chart carefully then we can conclude that only two possible outcomes are possible under the current circumstances. 1) EURUSD is trading in wave C of a flat correction 2) EURUSD is trading in either wave b of 3 or wave 4 of an ending diagonal(ED). Let us look at both these possibilities in detail : Flat Correction: If EURUSD is...

SPX5000

After a very strong rally on the back of election news Nifty is languishing around 10,450 looking for fresh momentum to break past 10,500. There are two possibilities that stand out as per my analysis of the current market situation. Possibility 1 : Nifty completed the abc correction at 10,074 and started a new uptrend on the election day. As per this wave count...

SPX5000

Nifty bottomed out at 10,034 before moving up with great momentum. As per my analysis Nifty has resumed the uptrend towards a new ATH which could take Nifty towards 10,980 and then towards 11,300. Nifty is trading in wave 3 of the new impulse wave which started at 10,034 so keep adding to your long positions on all dips. The stop loss for all long trades should be...

SPX5000

SPX 500 continues to hit new highs on a daily basis but still people are trying to catch the top of a 3rd wave which keeps extending. As per my analysis SPX 500 is trading in a very powerful wave 3 which started in 2009 from 667 levels and has much more steam left in it before completing the major wave 3. If wave 3 projects 1.618 times wave 1 then SPX 500 will...

SPX5000

Nifty after struggling for direction has decisively made a trending move towards the downside. The momentum and strength of the fall has forced a minor change in wave count. In the previous analysis we expected the wave 3 of the move which started from 7893 got over at 10,137 but in the current version there are two possibilities and the good news is that the...

SPX5000

Nifty was range bound for the last few days between 10,300-10,400 as the market was undergoing a complicated correction.All these days Nifty was moving beautifully inside the blue trend channel . As per my analysis Nifty has resumed the uptrend from 10,340 levels and the next rally could take Nifty beyond 10,500 levels provided Nifty doesn't breach 10,340. If...