Tuesday, August 20, 2013

>Nifty elliottwave analysis (bigger picture)

Hi friends,
                  Nifty did perfect move as was predicted 5750 nifty  and phuss ,Now with nifty joining broad based market move ,There was a need to see bigger picture
The chart shows clear waves ,Its self explanatory monthly chart which suggests move all the way to 4500.
The green trendline which comes near 5250-5200 wont be broken soon there  should be a nice relief rally from there i think. So till 5500 is not broken upward just trail shorts. 5300 onwards need to be careful in shorting ,Would post lower time frame charts soon as the move matures..

Happy trading

Monday, August 12, 2013

>Nifty elliottwave chart

Hi friends,
                   Nifty  pretty much moved the way i expected it for sometime now ,Until recently when i expected 5600 to hold ,But nifty breached 5600 and went all the way to 5500.
Overall not much has changed with the 5600 breach its almost certain we not going much higher now
we are below trend line supports at most we can go and retest them ie 5750 max ,I expect this sideways uppish move to happen for sometime before the next leg of down move starts .
Have labeled the nifty move .

Happy trading..

>IDBI elliottwave analysis

Hi friends,
                   Just thought of sharing IDBI analysis look at the beauty of patterns which happen on all time frames be in intraday or daily even monthly.
From the chart its seen we had finished a 5 wave up move by the year 2006 and from 2006 to 2013 we are making a expanded triangle which is in its last leg down ie e down .All those investment lovers should get ready to closely watch this script .
Keep looking for more such picks .

happy trading..

Monday, August 05, 2013


Friday, August 02, 2013

>Nifty elliott wave analysis

Hi friends,
                   Nifty has broken 5800 and tested an important support zone 5680-5620 ,I expect nifty to hover here and attempt a rally towards 5850 or 5950 and then again resume downward journey.Be watchfull if shorting here shorts now only below 5600 or on upside.
Stocks have been falling like there is no tomorrow be very selective with stocks buy stocks only when nifty reverses don't try to be a early bird it can be injurious to ones financial health .There is nothing called cheap stock in bear market and nothing called expensive stock in bull market ,Trade wisely.

Happy trading