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NIFTY stuck in a trading range : A path ahead

NIFTY stuck in a trading range : A path ahead

NIFTY stuck in a trading range broadly 10700 to 10900 oscillating in between. A range breakout on either side could yield 250 – 300 points swiftly. Thus professional trader needs to trade contra as we are stuck in a coil pattern until the range breakout occurs...
NIFTY : Short Term Elliot Wave Counts

NIFTY : Short Term Elliot Wave Counts

Chart 1 : 5M – Chart Technical View : Short Term The Indian equity index NIFTY witnessed a 5-wave impulse decline as shown in the chart above in Chart 1 as per short term Elliot Wave counts. The key Moving Averages for NIFTY are at 10806 – 10750. Thus once...