Here is an intrestiing view from Mr Corey Rosenbloom Have a Look at the Article.
Here is the Link
Elliott Wave on the Indian Stock Exchange
You could get a clear picture about the End Result
Related Readings and Observations
SuperTrend Backtest Report from 1st June 2012 to till date Supertrend Report from 1st June 2012 to 28nd June 2012 for 5min Nifty futures with 2 Lots(100 Shares). Brokerages - Rs100/leg/trade included.
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How to be a Succesful Trader – Trading Lessons Seventy Thousand to Rs 55 Lakh - The Chaoist
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Shorter term GANN Fan Charts Chart shows the shorter term GANN Fan charts of Nifty nearing the shorter term resistance line near 4800. Failure to breakout above
4800 is bearish for shorter term trades
Nifty hourly trading for August 6 Nifty hourly supports at 5437 failure to hold 5437 will target 5330 zone. Shorts are recommended only below 5437
dear raj, u were very right in ur analysis.how do u calculate the index ratio and where is it now.thnx n regards. rashmi
Index ratio = Nifty/Shangai CompositeCurrent Ratio declines from 1.26 to 1.19Shows any small shake in chinese index willheavily affect our performace. When the ratio reaches near 1. we will be trading below 2400.Thats for sure.
dear raj,vry gud analysis.thnx fr it.how far cn the nifty go in the current downtrend.regds rashmi
Anywhere between 2600-2680 before expiry.Where the Lower Bollinger band line could meetnifty in 2 or 3 days
Even there are possiblilites are there that2500 will be tested and bounced back the very same day before expiry