ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥


Trading "calls" from our "Software" with more than "90% accuracy"

 This is the "Oldest & Only Website" of whole World
which is updating Nifty & Indian Stock Markets
"Daily and Weekly accurate Outlooks" 
with "Intraday Charts Analysis"for the 
last more than "14 years" means from "2010"
For its live Proofs just see "Archive"
in the "bottom of this Website".
Minimum target of Nifty at 6724.60
Technical Analysis,Research & Weekly Outlook
(Oct 21 to Oct 25,2013)
Nifty-EOD Chart (18-Oct-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in EOD charts

1- Bottom formation at 5118.85 on 28-08-2013 and Wave-1 beginning
2- Wave-1(6142.50 on 19-09-2013) completion and 'ABC' correction continuation.
3- Wave-2(5700.95 on 21-10-2013) completion and Wave-3 continuation.
4- Wave-3 continuation and recent top formation at 6201.45 on 18-10-2013.

Conclusions from EOD chart analysis 

Impulsive Wave-3 continuation and as per Elliot Wave theory "Wave-3 should not be shorter than both Wave-1 and Wave-5" therefore Wave 3 will move up more than Wave-1.

Wave-1 gained 6142.50-5118.85=1023.65

Wave-3 started from 5700.95 and and as per Elliot Wave theory it should gain minimum 1023.65 because it can not be shorter than Wave-1 therefore its minimum target is at:-

5700.95(Wave-3 started)+1023.65 Wave-1 gained=6724.60

As sentiment is heated and Short term indicators are overbought therefore some intraday/very short term corrections may be seen any day but as per Elliot Wave theory Nifty is well set for rally towards minimum target at 6724.60