Nifty 4600 in 5 Trading sessions

Hi,

This may sound contradictory with the situation right now, but we are going to see 4600 on nifty in next 5 trading sessions starting from Monday till Friday.

I am posting this figure by analysing Elliott waves.

emailkailash,

Many investor / trader are badly stuck,hence if Nifty traverses to 4600 i have no objection but a qualm.
Ellioticians have started giving time projections is indeed a News.
It would be educative if you can identify the Major / Minor waves & back up your projection with some Analysis.
Why can not it go to 3800 than 4600 ?

Asish

we;; exactly....sounding,,,!!!

because as per charts studied ,,,nifty,,,,can go to 3700..and u are mentioning here 4800 means temporaary bottom out,,,
put some weightage on ur analysis,,,,so that we cam also see were we are going wrong or missing something!!!

renu
till now date no reversal upwrad pattern...seen

You had my interest till I read that.

Excellent title for the thread. It grabed me from skipping this thread.
NIFTY took 5 weeks to fall from 4600 to 4100 level and from last 2 weeks it has come back to almost same low level.
Even in best of bullish days, during Nov-07 correction , nifty took 2 weeks to touch the level from where it corrected. In Dec-07 correction, it took 4 weeks to regain the loss.
I find it difficult to perform this magic in current sentiments.

Still, I am waiting to see your analysis.

Hi friend,

few points of objections
1. still their is signs of reversal. (still lower lows are forming)
2. mkt is in secondary phase (bearish trend).
3. u have mentioned abt elliot wave theory..
acc to that R3=4476, R2=4422, R1=4367(almost attained on 26/06/08), S1=3905, S2=3729, S3=3552, S4=3443.
4. fundamentally - global ques, crude prices, inflation, increased CRR, Repo rates etc. are still affecting the mkt..... hopefully every thing might be reflacted in the prices now and worst might end in few weaks times.

brother u r calculating thru elliot wave theory considering the mkt as bullish. i don't think it wld go to 4600 that much soon.
BUT STILL HOPING FOR BEST MAY UR FORECAST BE TRUE.

Bye for now
Parvinder Gurjar

The Title itself surprised me. No wonder the biggest bull in this world also must not be hoping. Pray God we dont see 4600 mark in 5 session other wise next 5 sessions will drag it till 3500 .. lol .. I m again saying , i wont be surprised to see a lower ckt soon.

Regards,..
Darsh

According to what i know all majors and minor wave of elliot showing a downtreand and are in there final stage all of them as well , target for nifty is around 3500 .

also we are not out of all this downtreand till we see a close abv that moveing avg according to advance get studies.

may be CV or other members of traderji correct me if i m wrong somewhere.

Robin

Perhaps we in for some more downward correction.

using get,,,put mor elonger trem oscialltor ...10/70...

we still in down trend ,, mor eto suffer..
everyone is atlking of elliot countdowns,,, which will enver end ,,3 will become 5...and agian 5 will become 3...this is waves,,,

earlier get had shown,,,pti ,, greater than 35,...,,,when there wsa few points correction
tehn showed,,,pti less tahn 35, ,when higher points higher

and now showing 5 th wave doen to 3 rd wvae,,,
unless osc 10/70 is not in comfortable zone crossing zero line,,, no correction is over

renu
NIFTY IS CLERALY FORMING A DESCENDING TRAINGLE,,,,,SHOWING TGTS BOLDLY ....3200...BUT I AM TRYING TO FIND IF THIS GETS WRONG
HERAING 3200 MEMEBRS WILL SURLY COMMENT ON MY IDIOT VIEWS,,,!!
BOLLINGER BANDS ARE SHOWING....AN ENGULFING APTTERN WHIHC NEEDS TO GET CONTRACTED IN MONTHLY CHARTS...

ANYONE CAN OPPOSE THIS DESNDING TRAINGLE FORMATION....I WILL FEEL HAPPY