NIFTY 50-Technical Analysis

 Nifty 50 - One last Rally pending before correction

1.As per Elliot wave,Sub wave 4 of wave 5 has been started & the next support for wave 5 lies around 12400 level.

2.Extended wave 5 is happening now & could rally upto 13000 level for the wave 5 completion.

3.As already mentioned,after this wave 5 there could be a huge correction for the next 2 months.

4.Once this correction completed,we can witness some very good rally for the next 1 year.

5.Never chase the market & just go with the trend momentum.

Dynemic Products-Technical Analysis

 Dynemic Products - Wave 5 started

1. Can Buy at the current market level 245 & look for a target of 280.

2. Wave 4 completed & wave 5 support taken at 38.2% Fibonacci retracement.

3.Company has posted very decent growth in this second quarter.

4.Keep SL at near wave 4 completion(i.e around 210 level)

5.Look for a target of 280 level before the wave 5 completion & after that correction wave will start.So start to book profit at these levels.