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Technical View – Nifty – Long term

Posted on: August 13th, 2019 at 10:51 am

Nifty technical and fundamental view update

In the last update on Oct 9th 2018, it was mentioned that nifty is in the fourth wave formation.even though the wave plots little bit changed, there are enough cues to say that nifty is forming the fourth wave and it could last for 2-3 years .  (See updated chart for details/ corrected aberrations in the new count with fundamental input)

nifty waveA fall towards 9500-9000 levels in next 2-3 years should be considered as a buying opportunity for trading the fifth wave.  And expecting nifty to hit 14000 by 2024.

Fundamental view on nifty: Our fair value indicator is given below, it is same as the earlier chart but in a more simplified mode. A fall towards zero levels will be sufficient enough for the fourth wave and this could coincide with the 9500-9000 levels on nifty.


About Author

Written by Dr. Sreejith K B for www.nseguide.com

Disclaimer > Author is not a SEBI registered research analyst. This post is to be considered as expression of personal view only. “Technical analyses relating to the demand and supply for a particular sector or index is exempted from the purview of the RA Regulations”

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6 Responses


  1. pooja1981 Says:
    August 16th, 2019
    Posted at: 3:10 pm


    For now , do you think we can test 10600 or 10000 before going higher up towards 12000+ or do you think the bottom has been made near 10800 in this wave?

  2. CB Says:
    August 17th, 2019
    Posted at: 10:52 am

    Hi pooja1981, can test 10750 once again it seems. Below this could head lower

  3. navneet Says:
    August 22nd, 2019
    Posted at: 6:40 pm

    Hi CB, what can be expected from Sept series. Considering some stimulus package/announcement from government. kindly share ur view.

  4. CB Says:
    August 23rd, 2019
    Posted at: 8:45 am

    Hi navneet, stimulas seems unlikely. nifty could head lower near 10550-10600 for now.

  5. VISWANATHAN ,P. Says:
    September 5th, 2019
    Posted at: 4:37 pm

    Hi CB, why correction take so long? becos 2ndwave correction took about 300 days only.

  6. kb trader Says:
    October 6th, 2019
    Posted at: 8:23 pm

    Hi VISWANATHAN ,P., 4th wave takes longer time and usually complex

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