NIFTY at crucial levels in long term perspective

                                                               NIFTY Weekly Chart

NIFTY 200 Week SMA @ 6875 which breached decisively only in 2008 in last 16 years

The trendline from 2008 lows support on weekly charts around 6800 - 6850

The lower trending channel from top of 9119 to 6869 support at similar levels

The million Dollar Question is where are we heading too ... ????? 

Are we Out of woods ? What the different sectors suggesting ?

What is Bank NIFTY, NIFTY IT, NIFTY Pharma, NIFTY FMCG and NIFTY Energy sectors indicating ....

Because it is vital to know market internals to understand the prevailing trend and trend reversal points ....

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts 


For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

                                                                

Pharma Index - Will the out performance to continue in medium term ?

                                
                                                                    Weekly Chart



After stellar outperformance for 5 odd years pharma sector has been subdued from past 10 months
The Index forming a flat 3-3-5 corrective pattern on the verge of completion

Can the Index regain charm in the medium term coming months ahead to attain fresh highs in the form of wave 5 up ?

Stocks to watch out:

Lupin & Cipla

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

PSU Bank Index - Medium term Outlook, Could fortunes revive in 2016 ?

                                                     PSU Bank Index Weekly Chart




Bang !!! Bang !!! PSU Banks butchered literally ....
Is this the time to be Buying PSU Banks selectively or still more pain left is the question ?

Sentimentally it has been fed to public that PSU Banks will vanish and will not exist in future?

Technically .... What are charts suggesting in PSU Bank Index ???

Today index on daily chart is forming an hammer pattern .... The closer of pattern indicates the halt of down trend ....

The Wave counts hold true we might have a stellar short covering even on worst case scenario and the best case scenario would be  start of mother of Bull run of Wave III ....

Keep fingers crossed wait for confirmation and be in selective stocks is the key .....

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

Is India Story over so early ? Midcap Index Outlook ?

                                                        Midcap Index Weekly Chart




People have extreme sentimental bias when in panic crowd think its end and history has proved selling climaxes happen
Is the Indian growth and midcap story over ???
What about the crude advantage and India's demographics?
A Head & Shoulder in Midcap Index is forming .... Still a neckline not broken

Corrections are part of rallies and is shown that bull market corrections are swift ....

What does wave counts suggesting ???

We are in larger degree Wave III of Wave 3 of (3) of 1 of (iv) ....

In short we could be in wave 4 correction .... What next ?

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900

NIFTY - Are we seeing a Selling Climax?

                                                                       
                                                                   Daily Chart

Weekly Chart 

Interesting times scary environment are we heading much lower in Indian Equities or are we nearing bottom ???

Our previous update on NIFTY as per wave counts was 7th December on NIFTY
As we are in a correction of complex nature of W-X-Y-X-Z
It could well be a selling climax today
This week we could see more final pain in place



The question is we would make fresh highs this year or are we heading lower ??? Or would we cross 8500 atleast ???

The answer to the question is Wave counts suggesting Indian Equities we may hit fresh highs this year .... 

The key supports would be 7422 / 7386/7225

To Know more above next big move in Major Indian Sectors & to Know more detailed Elliot Wave Counts and where probably markets are heading towards long,  medium and short term levels and which sectors to be in, educate yourself  with us from simple to advanced technical analysis concepts For Workshops on Technical Analysis & Financial Markets Contact Us

Raju V Angadi Vishwanath, B.E., MS, CMT

Technical Analyst

rvangadi@googlemail.com
+91 78291 55900