Last Warning to NIFTY Sellers

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Nifty is forming corrective wave 4 of wave ((5))

Nifty has made a high at 18604 and started falling due to conclude of wave 3.

It has broken the base channel due to high selling pressure on Nifty.

The following terms confirm the nifty pullback.

  • The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like the reversal is ahead.
  • Wave equality (A = C)
    Wave C is 100% of wave A and vice-versa. If nifty breaks the previous low, then it can reverse between 100% to 161.8% range.

The corrective wave can complete if it sustains in the channel trendline.

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Will Nifty Hit 18480 Before Weekend?

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BEFORE

Click here and read the day before yesterday’s live nifty call.

I had written in bold words, “If nifty breaks the upper band of the parallel channel, our following targets will be.
Target 1: 18164
Target 2: 18241

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AFTER

Today nifty has made a high of 18293.35 in the opening bell (in 1 minute’s time frame). And touch the last target of 18241.

Jindal Steel & Power:

Click the below link to read the Jindal Steel & PWR call:
Live Premium Calls – BHEL, JINDALSTEL, & ANGELBRKG

I had written, “Key level: 406
…It needs to break/close above 406 level to touch the 416 – 426 – 432+ levels”.

Jindal Steel & PWR has made a high of 442.55 and touched all targets.

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Nifty & Angel Broking Tips Updates

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BEFORE

Did you read the previous Elliott Wave projection of Angel broking? Click the below link to read that report again:

I had written in bold words, “The target for Swing Traders:
Target 1: 1525
Target 2: 1632
Target 3: 1764

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AFTER

Angel broking’s first (1525 level) and second target (1632 level) has reached today. Will it hit the last target price?

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BEFORE

We are recommending to buy nifty while it was at 17000 level. That means from the September month beginning. First, read yesterday’s analysis of Nifty by clicking here: Nifty Sellers Crushed Again

I had written in bold words, “If nifty breaks the upper band of the parallel channel, our following targets will be:
Target 1: 18164
Target 2: 18241

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AFTER

Nifty has touched the first target today.

You must read the below article:

free nifty stock tips daily chart

BEFORE

Click below link to read 2nd September 2021 Full Report of Nifty:
EWT – Will nifty hit 18000 before September end?

In the first newsletter, I had written that extending wave (5) should easily travel above 18000 and is likely to continue toward 18480.
Target 1: 18000
Target 2: 18142
Target 3: 18350
Target 4: 18480

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AFTER

Nifty has touched the second target of the positional call. Do you think it will hit all targets? I will update you soon.

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NSE Nifty & Tata Motors Sellers Crushed Again

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Nifty Live Call:

If nifty breaks the upper band of the parallel channel, our following targets will be.
Target 1:18164
Target 2:18241

Nifty can remain in a parallel channel (PC) before further advance. That can be up to support line of PC (B) or control price.

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BEFORE
Did you read the previous Nifty full report? If not, click the below link:
(September 2, 2021)EWT: Will nifty hit 18000 before September end?

I had written in clear words, “Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480.

Target 1: 18000
Target 2: 18142
Target 3: 18350
Target 4: 18480

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AFTER

Nifty reached the first target of 18000 and, made a high of 18041.95.

Tata Motors Targets Updates

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BEFORE

First, click the below link to read the Tata Motors report.
September 17, 2021, 1:10 PMCould Tata Motors be the hottest investment for 2021?

I had written in bold words, “we can get the following swing trade targets: 340 – 362 – 415“.

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AFTER

Tata Motors reached the last target of 415 and made a high of 420.9.

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NSE Nifty: Short Setup for Wave (iv)

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Nifty is on the corrective structure.
The wave (x) of the double zigzag is near to complete Wave (Y) has the potential to give a short entry for the following targets :

Target 1: 17426
Target 2: 17328
Target 3: 17260

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Is Bank Nifty Forming An Ending Diagonal?

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Bank Nifty has completed the corrective wave (4) at 31208.
After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott’s wave theory, 5th wave can become an ending diagonal.

I will update the intraday chart of the bank nifty soon. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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