Friday, April 19, 2013

>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.

Tuesday, April 16, 2013

>Nifty analysis

Hi Friends,
                   Today nifty took 5650 resistance and closed above that ,Which suggests W is done
and we are in for a X wave a retest of 5650 would give strength to the move ,The next big resistance
comes near 5800+ levels .The next few days would shape up how the structure of X wave evolves
.

Friday, April 12, 2013

>Nifty 15th april

Hi friends,
                   Nifty continues to squeeze
The structure suggests a labored rise towards 5650-5700 and if it fails to sustain above  5650
after that  a swift fall towards 5480-5450 would be expected to form the pattern .Next few days move would clear picture ,Range squeeze continues :).

>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 .