>Nifty premarket 8th may

Hi friends,
                      As shown in yesterdays post nifty had a nice rally for e leg
This e has a potential to see 6100-6150 ,Todays move would be important to ascertain the further picture

 now below 5970 only weakness arises .
Happy trading..

>Nifty pre market 7th may

Hi friends,
                     Yesterday nifty squeeze continued for full session now the range has reduced
looking at the whole structure the following wave count could be a possibility if we sustain above

6010 ,Below 5930 nifty would be negative and can target 5800.If both levels hold we continue to be in a small range.

happy trading.!!

>Nifty intrday 6th may

Nifty is getting squeezed as shown in the chart below with lower tops
trend line breaks would produce fast move down..

>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!!