Nov 132011
 

ElliottWave comments on NSEI are on the attached chart

  28 Responses to “ElliottWave update on NSEI”

  1. 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 .

    • 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.

  2. 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.

  3. 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

  4. 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…….

  5. 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

  6. 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

  7. Dear sir,

    Where can i purchase your book in Mumbai (India).

    Thanks

    • 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.

      • 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

  8. Hi Ramki,

    we are at 5050.. my analysis tells me mkts look overextended. wanted your opinion.

    Thanks,

    Ashwin.

  9. 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

  10. 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.

    • 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.

  11. Hi Ramki,
    Got the correct count ramki ji, ur tgt of 4530 is not to far now :)
    Thanks for guiding me :-)

    Rgds,
    Waquar.

  12. 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

  13. 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

    • 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.

  14. Nifty hit 4535 today.

    • 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

  15. why 4535 ,on what basis

  16. 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.

  17. 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 !

    • 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 !”

  18. Hello everyone, I will post a new update on NSEI this week. Hope that will answer all your questions!

  19. Cheers,

    Ramji come back Ayodhya,

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