>Advance Tax

>RANBAXY

Ranbaxy looks to have made a nice bottom near 240 and has bounced
multiple times from there,A nice corrective rally is not ruled out
in Ranbaxy if it continues to hold 240 in coming days
Upside targets can be 280,300 respectively.

Regards
Rish

>Trading elliott waves

Hello friends,
Here in this post I have tried my best resources to simplify
the notorious ELLIOTT WAVE,Which many traders don't even try to learn for one basic reason ,They say its "Complex".Hope this read will help them to grasp the basic trading strategies used with each wave.
WAVE STRUCTURE



TRADING WAVE 1

TRADING WAVE 2

TRADING WAVE 3

TRADING WAVE 4

TRADING WAVE 5


TRADING WAVE A

TRADING WAVE B

TRADING WAVE C

Hope you all find this use full.
Regards
Rish

>Dowjones relief rally should come soon

It seems that most of the ingredients are here for a good relief rally. Fear is through the roof. The fear based indicators such as VIX are spiking higher. The impending doom of USA financial markets is being broadcast on every channel, and every Analyst on the street is debating how we got here and who is responsible. And has anyone noticed that the financials as a whole are not making lower lows inspite of the fact that the news couldn't be any worse.

If you see the above 5 yearly chart of dowjones its trading on that cluster support band which was formed in 2004-2005.
Ideally, It may have another plunge followed by a swift rally reversal to trap the bears, but there are no guarantees that the market doesn't crash either. Maybe we are on the brink of financial armageddon. The truth is we won't know until it's in the rear view mirror, so the best we can do is wait patiently to pounce on the rebound.

Regards
Rish