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Pre Diwali Alert - The pessimistic people on the street are saying that NDA will lose Bihar.(Nov 03,2015)


The pessimistic people on the street are saying that NDA will lose Bihar...agreed ground reality also shows it...and markets are also discounting it, but what if there is a surprise... And they get a majority... We will have a full process of reforms till the upcoming budget, also there is no state elections the whole next year...coming back to Global Markets which have been positive since last month and even US rate hikes if at all comes , it would be supported by liquidity stimulus from China Japan and Euro zone...what if we cross 8400 by November mid and what could be the December close...FIIs Closed the shop last December At 8282.70, there will be NAV based buying above that levels , fresh entrants will also come and retail will come through the SIP route..in that case what we see is that 7700 being an ideal stop for the long trade and Nifty can bounce sharply up to 9000 and more, as per Elliott Wave counts it also marks as 10100 to 11660 levels for CNX Nifty, so guys seeing this assumption risk rewards are in favour for a long trade, given macros are in favour too..look out for outperformers in this moves...An early Diwali alert... Presenting  a possible  Elliott Wave Study on Monthly Chart ..Thanks


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CNX NIFTY (MONTHLY CHART WITH ELLIOTT WAVE COUNTS)



CNX NIFTY (MONTHLY CHART WITH ELLIOTT WAVE COUNTS)

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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