Category Archives: India

India’s NSEI outlook

The outlook for NSEI in the big picture is unchanged, in that we will eventually see it down to 4800. Investors should thus be patient for at least that level if they wish to purchase stocks for the long term. … Continue reading

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Posted in India | Tagged , , , | 19 Comments

The Elusive NSEI 4800!

India’s NSEI was cruising along nicely towards 4800 when all of a sudden the brakes were slammed and the index took off in the reverse direction. This has seemingly caught a lot of traders off-guard. Fortunate are the readers of … Continue reading

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Posted in India | Tagged , , | 50 Comments

NSEI 4800, here we come.

On 2nd January, we discussed the bearish implication of a move below 6069, and that move took us down nicely to under 5200. The rally from 5177 was described as an ‘X’ wave separating two sets of three-wave downmoves. We … Continue reading

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Posted in India | Tagged | 79 Comments

Trading NSEI – Interesting Question by a reader

There was an interesting trading question on NSEI posted by a reader, but he posted it under an update on Gold! I think the Blogging software is not clever enough to allow me to move it under the appropriate category. … Continue reading

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Posted in India | Tagged | 10 Comments

Qua Vadis NSEI?

Everything depends on whether or not a 5-wave move has finished at 6338. If indeed it has, then the current recovery can only be an X wave separating two sets of abc. How high can the X wave go is … Continue reading

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Posted in India | Tagged | 20 Comments

Outlook for NSE Index India

The outlook for India’s much watched NSE index is that we are in a complex correction and hence would expect the current strength to peter out between 5680 and 5900. The old target of sub 4800 is still valid, in … Continue reading

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Posted in India | Tagged | 36 Comments

Nifty: Elliott Wave Analysis of India’s Stock Index

In a recent update, I had pointed out that traders should wait for the imminent recovery to run its course, and join in the selling when we eventually get an overlap of the 6069 level on the way down. At … Continue reading

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Posted in India | Tagged , , | 32 Comments

Outlook for India Stock Index Nifty

Many readers are asking for the outlook for NIFTY, India’s most watched Stock index. When a huge move in one direction ends, the topping out takes a bit of time. The spotting of the end of the final fifth is … Continue reading

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Posted in India | Tagged , , | 20 Comments