Elliott Wave Analysis of India’s Nifty Index

In this post, we shall take a look at India’s Nifty Index and consider what clues Elliott Wave Analysis offers investors and traders.The stock markets in India have been on the defensive over the last several weeks. In my last update of 4 March 2012, (Looks like...

Looks like Indian stock market rally is fading: NSE India

The Indian stock market rally in 2012 caught many players by surprise. Towards the end of last year, India ranked as one of the worst performers in Asia, but in a few short weeks, everything had changed. The rally in NSE India from the 4531 low has already covered...

The Practice of Elliott Wave Analysis

I have been receiving several messages from traders who seem to have fallen prey to the age old impulse of selling into a rally, when everything we know tells us to be patient to buy the dip. The fact that the dip did not materialize should not be the excuse to sell!...

India’s Nifty Outlook: Elliott Wave Analysis of NSEI

India’s Nifty stock index has been moving sideways for a few days. Having staged a decent recovery from the 4535 level that WaveTimes had identified as a key level some time back, many readers are anxious to know if we have seen the bottom. As WaveTimes has a truly...

NSEI update 30 Oct 2011

No matter how good your analysis your fate depends on your data! Occasionally, you might think your data is wrong, when it is indeed correct, and suffer a fate that is just as bad. I think (still not sure) I am in the latter camp as far as NSEI is concerned. As I...