How should we trade the Nifty using Elliott Waves

In the upcoming Elliott Wave workshop at Bangalore, we will deal with specific examples such as the following.

Headlines from Moneycontrol.com website

 

Today, the Nifty index has opened slightly lower. You have already listened to a whole bunch of market experts on CNBC, and are none the wiser for it! Truth be told, success comes when you know how to trade. What is your own outlook? What is your edge? What is your strategy? These are some of the questions we will deal with.

Take a look at these two charts, and you will see stuff that almost anyone can figure out.

What next? This is what we will address at the workshop.

 



2 Comments

  • JAGADEESH

    Dear Ramki,

    Looking at elliot wave count of nifty, it appears that current move seen is only XX wave completed as five (abcde) wave structure at 10774.50. Current move from 10774.50 to 10512 is wave a of new corrective wave.

    • Ramki Ramakrishnan

      Jagaseesh, My recommendation will be to be faithful to your own count while trading! Only then will you know when to exit.

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