Nifty is rising in a channel, the Elliott Wave count suggests that we might have completed and once prices break the channel, we can conclude that prices are returning at least to the previous wave {4}around 4825 levels. If we break 4825 then we might have to think that possibility of a new low remains. But if we get supported around 4825 then we may see much higher prices. But in immediate future we might see prices coming down, of course RBI must help us by not cutting the rates. Lets see whats in store for us!
Good work
ReplyDeleteThanks a lot!
Deleteani u want markets to tank by saying interest rate should not be cut.... i have huge housing loan.... just joking .... ur say will remain true no cut in interest rates sure
ReplyDeleteActually my long term count is super bullish on Nifty. Interest rate cycle may turn soon, my view is to get a second wave and then rise sharply.
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ReplyDeleteDear aniruddha,
ReplyDeleteI mailed you my latest view on nifty pls check it out and reply your view on it
Please check my latest view, we may just not get a new low, now. Just a possibility!
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