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Friday, February 2, 2018

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 274th day of O(pen)H(igh)L(ow)C(lose) Data availability (4th 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" .
 

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