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
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Anonymous says
February 16, 2009 at 12:58 pmdear raj, u were very right in ur analysis.how do u calculate the index ratio and where is it now.thnx n regards. rashmi
Rajandran R says
February 16, 2009 at 3:41 pmIndex 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.
Anonymous says
February 17, 2009 at 4:58 amdear raj,vry gud analysis.thnx fr it.how far cn the nifty go in the current downtrend.regds rashmi
Rajandran says
February 17, 2009 at 8:53 amAnywhere between 2600-2680 before expiry.Where the Lower Bollinger band line could meetnifty in 2 or 3 days
Rajandran says
February 17, 2009 at 8:55 amEven there are possiblilites are there that2500 will be tested and bounced back the very same day before expiry