WaveTrack International

Elliott Wave Financial Price Forecasting

India Nifty 50

The Nifty 50 has advanced into a similar leading expanding-diagonal pattern as compared to the Hang Seng from its Dec.’11 low of 4531.15 but has outperformed since last December, and only now approaching a terminal upside completion of the pattern at 6869.85. There is now an increasing risk that it has begun a severe multi-month […]Continue reading «India Nifty 50»

Some serious drop overnight (India)

Back from holidays πŸ™‚ As I can see, weak markets started to roll over. Hope all of you stayed safe, but don’t fall asleep – a buying opportunities are clearing up. India is showing extreme weakness. A dramatic sell-off during the last days has brought India’s Nifty already into min. original downside targets at 5282.30. […]Continue reading «Some serious drop overnight (India)»

India-CNX Nifty 50 – top is in?

The current rally from 5853.90 is labelled as the 2nd within an ongoing five wave impulse decline that began from the Jan.’13 high of 6111.80. Short-term upside resistance is measured to 6012.25 basis a fib. 61.8% retracement. A reversal from there would confirm downside continuation during the next several weeks, with unchanged targets towards 4920.50. […]Continue reading «India-CNX Nifty 50 – top is in?»

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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