quick update on nifty elliott wave count

certain count is change still wave 2 may act in (double zigzag) wave 3 trg 4605 will be on hold stay in wave 2 (big action around the world this week)stay safe

nifty elliott wave prediction

in below chart i counted my conti.. wave. wave extended which i posted already.here is my sub count with wave(iii) decline with 1.618 retracement trg 4605 around.i labled all sub count which is easy to understand my count.invest or trade safe don't buy big bear mkt fall which will take nifty to 4100 - 3800 kind of level soon(advanced prediction on mkt of 4100-3800 level on current chart check). (click on chart to enlarge)

nifty view for 10/10/2011

nifty above 4837 remains +ve and upside possible upto 4938.below 4837 -ve trade downside level upto 4712.

DOW JONES INDUSTRIALS SPECIAL FORECAST

ONE OF MY SPECIAL FORECAST ON DOW JONES INDUSTRIALS.
I POSTED DJIA QUARTERLY CHART IN THIS CHART -VE DIVERGENCE IN MACD , RSI (14).THIS DIVERGENCE HELPING TO TAKE NEXT BEAR CALL OR BEAR MARKET.IF WE LOOK AT 2000'S HIGH WE SEE INDICATOR READING AT HIGH LEVEL AFTER FALL NEXT ALL TIME HIGH OF 2007-08 CLEARLY SUGGEST THAT LOWER INDICATOR READING MEANS -VE DIVERGENCE.AND AT CURRENT MOVEMENT LOWER THAN 2008'S INDICATOR READING. THIS GIVES CONFIDENCE TO ALL NEW BEAR TRADE SETUP.ONE CAN APPLY HEAD AND SHOULDER PATTERN IN QUARTERLY CHART LIKE 2000 HIGH ONE SHOULDER THAN 2008 HIGH AS HEAD AND RIGHT SHOULDER IS HAPPENING.IF NEACLINE IS BROKEN THAN DOW JONES AND WORLD EVERY MARKET MOVE INTO BIG/GREAT DEPRESION. SEE BELOW CHART(CLICK ON CHART FOR ZOOMING)

nifty elliott wave prediction

wave 5 extended trg 4600 around for wave 3 of extended.

sensex weekly

DARSHAN SHAH’S
INDIAN STOCK MARKET REVIEW(NSE,BSE)
Bombay stock exchange weekly chart (strong –ve divergence rsi,macd)









In above BSE (sensex) chart strong –ve divergence in rsi and macd suggest that strong downtrend which can take place and in above chart –ve divergence did work after 2011. This –ve divergence suggest more downside ahead.

elliott wave nifty count

nifty wave 5 of 3 down trg @ 1.618 of wave 1 & 2.trg for wave 3 4760 around.(click on chart for zoom)

nifty elliott wave count (30mins candle)

above 5172 wave 4 remains conti... below 4911 wave 5 is possible in count.foe wave 4 alt is possible in (double zigzag).still my counting 5wave decline trg around 4600.

nifty view for 22/09/2011

nifty below 5121 downside upto 5008.and above 5121 upside upto 5170.

rising channel nifty