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Short term view in NIFTY50 for INTRADAY:

Posted: 05 Jan 2021 07:38 PM PST

Intraday support 14112, Resistance 14219
INTRADAY traders can short there position for the target of 14118 nearby.

If there will be breakout and price will cross the main resistance level that is 14219 then nifty will be still much bullish as indicators are indicating.

TECHNICAL INDICATORS

Moving Averages – Bullish

Technical Indicator – Bullish

Moving Averages Crossovers – Bullish

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MCX Aluminium 2021’s Supercycle

Posted: 05 Jan 2021 02:02 AM PST

MCX Aluminium is moving sharply. Its range is 21 to 23 bars or a month. It can fall back up to the support trendline (TP: 159 – 156).

According to this chart, aluminum will not stop here. It is further advance up to 168 – 172 – 176 levels.

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EW – 5th W in progression – A,B,C Correction complex.

Posted: 04 Jan 2021 11:26 PM PST

Elliot Wave for LT, 5th Wave probability at 1403/1462 by using extensive fib ratio for targets 1300 and abc correction can 1105 nearby.

Watch closely the “W” pattern & Fib Ratio on LT!

The LT is trading in a parallel channel and it is in the middle of trend, technically it can be said that the 5 wave has started and it will end by touching the resistance line due to wave analysis.

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