Nifty - TF Bimonthly 2018

Supplement as on 28th February 2018 to my earlier blog http://lalitlk-lalit-lk.blogspot.in/2017/03/nifty-bimonthly-as-on-february-2017.html with charts up dated :

 

Next, let us review Macd (5,34,5) in details as in attachment :

 

Notice Macd were mostly in positive territory signifying EMA_5 being greater than EMA_34 (including current phase of 52 candles post dip of 2253).  Based on EWO , Nifty had a 3rd wave characteristic top at 6357, 4th wave bottom at 2253 & subsequent 5th wave unfurling in 5 wave Macd remaining smaller than extreme value of 2175 corresponding to Nifty 6357.

Let us examine Macd post dip of 2253 in a fractal #TF5DaysCycle #Nse #Nifty chart :

Following tables may be referred for better understanding of chart detailing phases of Macd in positive territory with alternate bouts of less period in negative territory.

 

No clue for #ZeroLine dip in even #TF5DaysCycle (1111 candles available) leave aside such in bigger #TF.

Nifty Index (1996-2018) in #TF34DaysCycle

Nifty since 1995 to recent ATH is being covered  in a Chart as up date to my Blog :

https://www.blogger.com/blogger.g?blogID=5614506921018825426#editor/target=post;postID=7101823105954263106;onPublishedMenu=allposts;onClosedMenu=allposts;postNum=6;src=postname

On 274^th day of O(pen)H(igh)L(ow)C(lose) Data availability (4^th December 1996) , #Nifty Index showed the life time LOW of 775.43 & on 5542nd day (29-Jan-2018) the A(ll)T(ime)H(igh) of 11171.55  was seen after (5542 – 274 =)  5268 days ; as such ATF  is 35.12 days. I presume my 34 DaysCycle chart is OK  in  the present  circumstance. Let us have a look for Period ended 29/01/2018 :-

In modified Elliot Wave jargon, w = 6357 - 775 = 5582, x = 6357 - 2252 = 4104 & y = 11172 - 2252 =  8920 (159.8% of w) in progress. Full data are being shared in Table :

y should Not exceed 11285 ; IDNK if there is more up side in store for Nifty. Macd remained in positive territory in excess of 75% in confirmation of  sayings : "Bulls are Kings" .