In last few days Nifty has showed high volatile moves in both the direction.
On 18th November 2015 Nifty closed on negative note at 7730 level losing more than 100 points whereas on 19th November 2015 prices showed strong up move and gained 110 points. Such kinds of moves are very dangerous from trading perspective and hence when not to trade is very important for traders. Is it possible to predict such kind of moves, so that one can be ready with pre - planned strategy? Answer is Yes and it is possible with the help of Elliott wave theory and Time Cycles which are the Advanced concept of Technical analysis. Below we have shown path of Nifty anticipated in the morning of 18th November 2015.
Nifty 60 mins chart: (shown on 18th November 2015)
Nifty 60 mins chart: (Happened on 19th November 2015)
There are times when one needs to stick with objective tools to understand the overall market. Nifty has been following our path brilliantly, so what is next from here on?
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