Category Archives: India

Sensex outlook

Repeated tests of a support line makes that level important in the big picture. So far, the Indian benchmark Sensex has managed to hold above the support line shown in the chart. However, if we get a break of that, … Continue reading

Share
Posted in India | Tagged , | 2 Comments

India dreams on while China wakes up

Sure, India now has a stable government in place. But listen up, folks. Are we not getting ahead a bit too soon too far? After all, the news from the weather man has been anything but exciting, with a failed … Continue reading

Share
Posted in India | Tagged , , , , | 2 Comments

India’s Sensex: Elliott Wave update

About six weeks back, wavetimes anticpated that India’s Sensex index will dip to the low 13,000 and then rally again. This has materialized. (If you would like to refer back, please navigate from the top menu under Equities/Indices/Asian Indices/India). How … Continue reading

Share
Posted in India | Tagged , , | 21 Comments

India’s Sensex: Elliott Wave Analysis

Is there one right way to count the waves? I can say this for sure. Until a move is over, there is certainly more than one way to count. Sometimes, even after a move is over, one has to decide where … Continue reading

Share
Posted in India | Tagged , | 7 Comments

India’s Sensex readies for correction

The Indian stock markets have been in a tizzy following a resounding victory by the Congress party. The Sensex gapped higher from 12219 a day before to open at 13479 the day after the election results. Today, the markets reached … Continue reading

Share
Posted in India | Tagged | 1 Comment

Elliott Wave Analysis of some Indian stocks

Now that the Parliamentary elections are over in India, and a decisive mandate has been given to the Congress party and its allies to continue in power, most people expect the stock market to react positively. Let us take a … Continue reading

Share
Posted in India | Tagged , , , , , , , , , , | 6 Comments

NSEI has slight upside left

In the big picture, it is too soon to say that we have been freed by the bears. So use the current rally to get out of any longs near 3230. Either from 3230 or from 3275 I expect another wave of selling to take place in the NSEI. Continue reading

Share
Posted in India | Leave a comment