>USDINR analysis

Hi Friends,
                   In my last post about usdinr had mentioned about a fall towards 53.50 today we
did 53.63.Here the risk reward for a long trade looks favorable .
last post USDINR wave structure would be invalid if  the usdinr goes below 52.80

Tomorrow being rbi policy day volatility would be young.
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 .