Nifty rallied up in 5 waves

I have been seeing several queries on the blog asking if the move to 7700 (as discussed on CNBC) is still coming, now that we have rallied up in 5 waves. So let’s try and clear up the air a bit. The real goal of any analysis is to make money. Some people, however,...

Elliott Wave Analysis of Nifty – Ramki’s CNBC Interview

The following interview was aired by CNBC TV18 on 11 June 2015. At that time, the Nifty index of India was trading well below the 8000 level. Watch it and see the power of Elliott Wave analysis. Today, the index tested a high of 8421. Will it go down to 7700? That...

Nifty, Tata Motors, ICICI and SBI outlook Ramki on CNBC

Hello folks, CNBC India reached out to discuss the outlook for Nifty, Tata Motors, ICICI and SBI. Here is the link for that: http://www.moneycontrol.com/news/market-outlook/exit-longs-till-nifty-hits-8400-wavetimescoms-ramki_1405518.html Trading is all about listening...

Follow up Elliott Wave post on Polaris

It is two months since I posted something, and I looked up the Polaris chart. Well, we certainly have reason to smile. Here are two charts. The first chart was posted here on 23 Jan and the second chart shows that Polaris did indeed come down quite close to the lower...

Trading with Elliott Waves

Whether you are in Indonesia or Norway or Cape Town, the examples posted in this blog will help you to get better at using Elliott Waves. The concept is the same. The example may come from a different market, but that doesn’t diminish the value of the lesson. So let’s...

How market clues tie up with Elliott Waves

Many traders blindly trade without paying attention to the market clues that tie up with Elliott Wave. This article discusses some strategies. This morning, I saw a news item that went as follows “South African telecom firm MTN is keen to enter the Indian shores....