Category Archives: Indices

Welcome to the website that offers you an insight into S&P500, Nasdaq Composite, FTSE, NSEI and Nikkei from Elliott Wave perspective! Read to your heart’s content, and feel free to ask questions.

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

Outlook for the Dow

The last time I looked at the chart for the Dow was back in May 2010, where I warned of a downmove to 9000 levels. The correction went only to 9600 area, (still a nice 11% down from the time … Continue reading

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Posted in Dow Jones | Tagged , | 6 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

Has India’s NIFTY topped out?

How conveniently the 2-G scam has boiled over just when the NIFTY index has come within a handshake of the 2008 highs! But if you go back in time and look at all major events, you will find that technicals … Continue reading

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Posted in India | 17 Comments

Elliott Wave update on India’s Sensex

Some readers have been asking about outlook on Sensex. I had done this a few days back but forgot to post it. As usual, the main comments appear on the chart itself.

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Posted in India | 1 Comment

Elliott Wave Analysis of India’s Sensex

Sometimes a wave count will remain valid for a long time. This is the case with India’s Sensex. I had posted my wave count back on 4th January 2010. At that time, I suggested that we will see the development … Continue reading

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Posted in India | Tagged | 4 Comments