ElliottWave update on NSEI India Add comments Nov 132011 ElliottWave comments on NSEI are on the attached chart Tweet Share this:FacebookGoogleEmailRedditTumblrPocketPinterestLinkedInPrint 28 Responses to “ElliottWave update on NSEI” bharat says: November 14, 2011 at 3:39 am dear Ramki i respect ur thought on nifty since long time .Now my heart feeling about nifty and on some assumption and calculation i think nifty may test 3850 approx. i may be total wrong if u have any view please share thx . Reply Ramki says: November 14, 2011 at 4:57 am Hi Bharat, So long as your views are based on the Elliott Wave Principle (which has a set of rules and guidelines) then it is fine. Your next step is to benefit from your views. Where will you sell, for instance, and what is your stop loss? How will you trade it? These are more important questions than my own views. Reply Soni Hiteshkumar says: November 15, 2011 at 8:06 am Respected Sir, As per your opinion 18th oct. on your blog. if it is 4th wave complex correction in nifty than is it considered as it made flat + zigzag pattern (4720 to 5383) ? & is it considered as C fifth as started? as it completed near about 4520. Reply BJ says: November 15, 2011 at 5:10 pm Hi Ramki, What is your interpretation here. Are we looking at a triple zigzag? At 5400 (Oct 28th) was that the end of X wave preceding a Z or was that the end of wave 4 of c of Y? Thanks in advance, BJ Reply abhinavjain says: November 15, 2011 at 10:58 pm Dear Sir, Pls guide can we consider this ABC as irregular wave 4 of your previous count because it didnot enter 1st wave territory(5500) level. and now final 5th is running. OR should we consider it as tripple ZigZag……. Reply Vanquish says: November 20, 2011 at 11:29 pm Dear Sir, Thank you for your views. I have updated my weekly analysis on http:-//mytradinghandbook.blogspot.com/ Please drop in your feedback. Thanks and continue the good work Reply Ramki says: November 23, 2011 at 6:04 am Vanquish, Congratuations on your blog. Wish you the best of luck Reply Ashwin says: November 22, 2011 at 9:50 am Sir, I wanted to know, what is the probability that we just completed wave 2, with wave 1 being from 05 oct. This is with caveat that wave 1 low holds. Thanks, Ashwin Reply Ramki says: November 23, 2011 at 5:55 am Ashwin, I am looking for around 4535 to start buying small amounts. Reply Randhir Gaikwad says: November 24, 2011 at 6:56 am Dear sir, Where can i purchase your book in Mumbai (India). Thanks Reply Ramki says: November 24, 2011 at 9:19 am Randhir, The book is only available online, either from Amazon or Infibeam. Check out the details by clicking on the image of the cover on the right column. Reply Randhir says: November 26, 2011 at 9:06 am Dear Sir, Thanks for Info and I had purchased from Infibeam……….so far read first few pages and must appreciate u for to the point writing and cutting all those fancy fat required to make book thick….. Thanks Reply Ashwin says: December 2, 2011 at 3:56 am Hi Ramki, we are at 5050.. my analysis tells me mkts look overextended. wanted your opinion. Thanks, Ashwin. Reply Randhir says: December 5, 2011 at 12:12 am Dear Sir A small humble request, can you please post the chart of Nifty on weekly / Daily / Hourly with the waves numbered. Its not that we are looking for ready made analysis of wave but we would like to review and verify our own analysis and numbering of wave , since we are very new to topic and are at basic level of learning Elliot wave theory, hence could be better if we get our analysis right in learning phase than losing in actual battle. Thanks Reply waquar says: December 13, 2011 at 6:02 am Hello Ramki Ji, Can you please post an update regarding the updated counts, counting waves in correctives is so confusing, as of now i am getting a total of 3 alternate counts,2 bearish and 1 bullish. a) 4th wave of wave A in the 3rd zigzag ;b) B wave of the 3rd zigzag and c) or – w1 for beginning a new bullish count. Would be really grateful if you could show the way. Warm Regards, Waquar. Reply Ramki says: December 13, 2011 at 6:14 am Hi Waquar, Counting of corrective waves is never easy, especially for a beginner. I suggest that you take a break from that, and focus instead on revising your knowledge while the markets sort themselves out. Reply waquar says: December 16, 2011 at 3:25 am Hi Ramki, Got the correct count ramki ji, ur tgt of 4530 is not to far now Thanks for guiding me Rgds, Waquar. Reply nath says: December 17, 2011 at 2:25 pm sir, will you please explain why you have commented that you are considering buying at 4535. the last two C waves have been around 1000 points so if this is the third C wave then likely target for buying should be around 5100-1000=4100 now i,am confused with your comments. kindly clear my confusion Reply Dayakar says: December 18, 2011 at 2:06 am Dear Ramkiji, From 6349 to 4628 or so is it forming Ending Diagonal. if so can reversal takes place at 4400? kindly clarify. Regards, dayakar Reply Ramki says: December 18, 2011 at 2:31 am Dayakar, An ending diagonal should be at the “end” of a move. I have seen many people label a head and shoulders ‘top’ at the bottom of a move! This is a common mistake. Reply Pankaj says: December 20, 2011 at 3:08 am Nifty hit 4535 today. Reply Sri says: December 20, 2011 at 5:35 am Actually planning to buy some stocks at this level, but after seeing the ramki’s posts on world indices spx and dax, i am little hesitant to buy now. Let’s wait for confirmation, by the market or by the master (Ramki). Sri Reply nath says: December 20, 2011 at 9:40 am why 4535 ,on what basis Reply Pankaj says: December 20, 2011 at 9:44 pm Cheers…Here is where experience plays a big role….looks like with today’s gap up Ramki sir has nailed the low again..ppl like me were trying to still analyze if the correction is really over or it could go down further. Important question is the complete correction of the move from oct 2008 is over or not, i guess that is work in progress. Reply Ashutosh says: December 21, 2011 at 6:12 pm Yesterday,(20 Dec 2011),Ramki said that still 100 points remaining and that would bring Nifty to 4430.This is merely a pull back due to short covering in put options of Nifty and it seems that Nifty may kiss 4875 levels before this settlement.However the correction is ongoing.What is interesting is to see that apart from Ramki,almost all the Elliotticians in India are unanimous that Nifty will come down as further down as 3800-4200 levels.Mid Feb will be interesting to wait and watch.There significant Fibonacci and Lucas time bars are waiting.Cheers ! Reply Ramki says: January 9, 2012 at 3:22 am Ashutosh, You posted your comment on 21 Dec 2011, but I held it back till today. Congratulations on picking up the key point.(For the benefit of others, this is what Ashutosh had written: “Yesterday,(20 Dec 2011),Ramki said that still 100 points remaining and that would bring Nifty to 4430.This is merely a pull back due to short covering in put options of Nifty and it seems that Nifty may kiss 4875 levels before this settlement.However the correction is ongoing.What is interesting is to see that apart from Ramki,almost all the Elliotticians in India are unanimous that Nifty will come down as further down as 3800-4200 levels.Mid Feb will be interesting to wait and watch.There significant Fibonacci and Lucas time bars are waiting.Cheers !” Reply Ramki says: January 2, 2012 at 10:47 am Hello everyone, I will post a new update on NSEI this week. Hope that will answer all your questions! Reply prithvi says: January 3, 2012 at 4:32 am Cheers, Ramji come back Ayodhya, Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.