Thursday 27 July 2017

27 July 2017: Nifty Elliott wave analysis: One can expect as high as 10100 on Nifty on derivative expiry day.

You must read previous articles and watch the given chart carefully to understand this article completely.
Analysis for 24 July 2017: -
On 26 July 2017: FII Net Sold – 60.60 INR Crs:  DII Net Sold – INR – 676.61 Crs
I am just able to provide short analysis. It has broken 10000 on higher side with ease. Today is derivative expiry day and this is a suitable day to see short covering rise. If this happens then we can see levels of 10100 by today itself. What a remarkable rise from 9448 to this level.

Just do not opt shorting even on weakness. Remember, wave extension is suggesting that we can see as big as 10400 levels on Nifty and possibly without any correction.