>Bharti Airtel Elliottwave Analysis

Hi friends,
                  Bharti has been move in contracting channel for years together ,According to the present structure it can stretch max till 380-400 ie the d leg of C ,I would be looking to book longs and see for shorting opportunity near resistance ,The e leg can take this stock all the way to 250 levels ,From where a multi year bull market can start in Bharti airtel.

If the resistances are breached the expected fall may not materialize ,Keep the stock on your radar..

Regards
Rish

>Indiabull realestate technical analysis

Hi friends,
                     India bull realestate is forming a nice pattern lets see how it performs after this
I saw a falling wedge breakout in it and its retesting the breakout line again (58-56) then it can rise
towards 72-75 .

Risk is less in this trade idea as supports are nearing.

>Reliance Industries Technical Analysis (Elliottwave analysis)

Hi friends,
                   Reliance industries has been trading in a range for last several months ,This contraction should give way to a smooth one way move ,Above 930 stock can give 100 points move in a short span of time ,Otherwise the contraction continues .

Keep track on this super heavy weight this should show nifty move for coming months.
Regards
Rish

>usdinr Elliotwave analysis

Hi friends,
                   USDINR buy call is doing good 53.50 to 55  old post usdinr,I expect this wave to finish near 56 and reverse.

Once usdinr takes resistance near 56 a short trade emerges and we can target back to 53 levels.
We could be making a flat correction in B wave ,Trailing sl of 54 should be maintained for longs.

happy trading...

>Nifty premarket 6th may

Hi friends,
                  In my previous post i had mentioned 5980-6000 level for nifty top for the current upmove
nifty managed to cross 6000 for a brief period of time and fell back i reckon a top is in place .
A sideway move to test the top again is a possibility as shown from the hourly chart.

The more the time nifty spends here it would make me think its some sort of corrective wave up
rather than an impulse up.
 The below daily chart shows the daily support of nifty its likely to test 5800 where the support comes
the exhaustion is seen in nifty ,Lastly we have seen sectors are not moving in unison so expecting
a clear trending move would be futile.

Trade wisely!!

>Nifty pre market 30th april.

Hi friends,
                   Yesterday nifty crossed fridays high so now we can rise up to 78.6% retracement which
comes at 5983 ,Overall stocks are buzzing according to result ,For the day below 5890-80 mkt is weak can drift down to 5850.

With  may 3rd monetary policy volatility would be on a higher side .
Trade wisely
Happy trading..

>Nifty pre market 29th april

Hi friends,
                   Friday trading witnessed some good selling in select stocks ,Mostly was result related profit booking or selling

Nifty as we see from  hourly chart is showing exhaustion,We could be in for a short term top
if nifty fails to go above Fridays high  ,Or below 5850 it would be a confirmation that
we have finished A wave.Lets see how nifty behaves today to further get confirmation on the
count.
Happy trading!!!

>Maruti elliott wave analysis

Hi friends,
                   Maruti today touches an important trendline resis ,The slanting upward contracting
structure looks like a ending diagonal or rising wedge not confirmed neatly as the inner structure
is not that clear keep an eye on this till 1720 is not crossed we are in for a prominent top .

>Nifty end of day 25th april

Hi friends,
                     Nifty continues to go up in a spiky fashion ,A characteristic of X waves

running as if no tomorrow.
The hourly chart shows a parallel
up channel yet to be violated look for a breach the early sign of weakness fib shows this can conquer 5980-6000

>NIFTY medium term ANALYSIS

Hi friends,
                   Taking further from my last post on nifty ,Had stated x wave is on which can target 5900-6000

Now this x can take many shapes we need to wait and see its structure ,Its almost reached trendline
resistance which is coinciding with 61.8%  (5870-5900) .Above that can target (5980-6000) 78.6%.
once this wave ends nifty can see lower levels ,Here i would like to make a brave statement we can go towards 5000 and lower levels.In wave terms i am equating this whole pattern from 2010 nov highs as a big abc structure with c being in initial stages of unfolding .This wave count stands wrong
if we scale a new high above 2010 nov highs.

>TATAMOTORS TOPPING PATTERN FORMATION

Hi friends
                   Tata motors after witnessing multi year bull run ,Has started to show
exhaustion in strength as its evident by the corrections in short duration in a slanting
upward direction in technical terms we could be forming a rising wedge or in wave terms
ending diagonal with last leg of rise going on.

 As seen from the above chart this topping pattern has emerged after a multiyear extended
3rd wave.In 2008,Tata motors acquired the British car maker Jaguar Land Rover,There were lot of rumors about the difficulty by which Tatas funded the debt ,Well 2009 to 2010 saw extended 3rd wave rally in it :). 
In this final push up levels of 360 can be seen where investors should look to
book their profits and traders can look for shorting opportunity.Would be looking closely Tatamotors
for next few weeks:).

>USDINR Target

Hi friends,
                   USDINR has been in the range of 53 to 55.50 for many weeks now
When i breakdown the waves i see a lot of abc's around which indeed suggest of a rangebound
move to continue for some more time .
Trade idea can be  buy near 53.50 target would be 55.50-56
once we near 56 a short can be taken for a target of 53 again suggesting a lot of sideways move
coming forward.

Once we go below 53 or go above 56 we can rework the wave count.Lets see the USDINR move in coming days.

>INFOSYS WAVE ANALYSIS

Hi friends,
                  Infosys has become darling of speculators ,Result day is a big satta day you would see
a big move either side.Wave wise Infosys finished c of big B and started big C down as shown in following chart ,It has a potential to touch 1800 atleast .

>Nifty bearish scenario

Hi friends,
                   The nifty has been in a down move for quite some time now .Its been a slow drag
with in between fast bouts of dump.
Wave wise looking at structure on a weekly chart it suggests we could be in for a serious damage

in coming months after a relief rally ,I would suggest to book profits in coming rises and come out from struck positions after some relief.
We could be in making of big ABC structure which if materializes can seriously damage ones portfolio ,Would rather say has already damaged ,Ask someone having midcap portfolio.
Coming back to charts nifty is forming a squeeze which should give a relief rally in some time
Nifty support lies in 5470-5400 range

>Nifty analysis

At last a nifty update,Nifty almost did as i thought in wave terms
It went to 4640 then from there went to 5080+ and collapsed.
Read old post nifty counts
As of now its wait and watch we need to see reaction near 4650
levels to ascertain the further course of action,Slowly trading would
become quite tuff save money fellow traders you would get unbelievable
rates to buy at a later stage.



RESEARCH REPORTS

>Indian rupee(INR)analysis

In recent times we saw 2008 financial crisis and the present eurozone credit crisis.
India also saw 2 major financial crises which led to 2 subsequent INR devaluation.

Foreign currency reserves are very critical aspect of any country's ability to engage in commerce
with other countries.
Usually the larger the foreign currency reserves the better the country is placed to fight
any financial crisis.India saw two major financial crises in year 1966 and 1991

1966 DEVALUATION

As a developing economy, it is to be expected that India would import more than it exports. Despite government attempts to obtain a positive trade balance, India has had consistent balance of payment deficits since the 1950s. The 1966 devaluation was the result of the first major financial crisis the government faced.

6 June, 1966: Rupee is devalued, Rs 4.76 = $1, after devaluation, Rs 7.50 = $1 (57.5%)

1991 DEVALUATION

In 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. At the end of 1990, the Government of India found itself in serious economic trouble. The government was close to default and its foreign exchange reserves had dried up to the point that India could barely finance three weeks’ worth of imports. In July of 1991 the Indian government devalued the rupee by between 18 and 19 percent.

March 1993: Unified exchange rate: $1 = Rs 31.37

We recently saw a all time low of$1= Rs 52.73 nov(22) 2011


USDINR monthly chart suggests their could be some consolidation between 54 to 48 levels
before going towards 58-60 .How its gonna effect economy need to be seen.

In 2008 nifty had fallen 51.8% (6136-2959)closing basis USDINR had rocketed to 52.50 by march 2009.

In 2011 we have fallen 17.9% (6177-5039) closing basis USDINR already touched a all time
high of 52.73
Testing time for economy ahead .

RESEARCH REPORTS

>Mahindra & mahindra analysis

In my last post mahindra & mahindra analysis we had seen how
a violent 3rd wave eroded price valuenow since the sharp down channel
has been broken and still the rise i count looks corrective to me so a 4th
wave is on this should hit new low in some time below 680 at leastonce 5 down finishes can expected relief in the stock .
RESEARCH REPORTS

>Nifty analysis update

Nifty continues to fall, with small sideways uppish blips in between.Relentless selling
Anyone who tried catching this falling knife,Would surely have got burnt badly.
The chart shows a sleep parallel channel and we are yet to break that channel.
The fall has even breached the double bottom support 4700.
The parallel channel fall suggests we are still in 3rd wave fall ,I would give some more
time to nifty before deciding on targets again so till then take it easy.
MONEY SAVED IS MONEY MADE!!!!!!
RESEARCH REPORTS

>Mahindra and Mahindra elliottwave analysis

Auto sector has been not in sync with nifty few stocks are sideways ,Few are trending up
and few trending down .

M&M holds the highest weightage followed by tatamotors ,Bajaj auto , heromotoco and
maruti suzuki

I think this sector would peakout in some time and investors should book their profits in
this sector

M&M Looks to have finished 5 up on monthly charts or about to finish may kiss 850 once
Tatamotors is already in downtrend

on daily charts M&M wave count is labled on following chart followed by 5 up in monthly
chart
On daily chart we are in process of finishing some sort of B up here we could be making a triangle or a flat in any case a 25% correction is not ruled out from current levels .

lets see how this sector behave in coming months can update accordingly .
RESEARCH REPORTS

>Nifty elliott wave analysis

Hi friends,
Nifty behaved the way it was expected in last few days saw it falling from 5180
levels to 5050 a fall of 150 points the fall looks to have completed 5 down probably "a" wave
Now we should witness a corrective up probably a 3 wave up can target any where between
5100-5150 .
I would look to short this in rises.The above chart shows the present move + expected move.

Regards
Rish

RESEARCH REPORTS