Tuesday, May 14, 2013

>Nifty premarket 14th may

Hi friends,
                      Nifty topped in 6120-6150 range as anticipated, now below 6040 nifty can be sideways to down for the day support comes near 5950-45 .
happy trading!!

Monday, May 13, 2013

>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 13th may

Hi friends,
                       Nifty followed the exact move had anticipated for Friday a fall to start with and ending with a rally to new high nifty ,Now with 6120 being crossed abcde is a reality.
As of now 6022 is the stop loss for all longs 6120-6150 i expect this upmove to topout for short term if 6150 is taken out then i would rework the things.
happy trading..

Friday, May 10, 2013

>Nifty pre market 10th may

hi friends
                 nifty continue to move in this two expanding lines with combinations of abc
this would violate this if 6020 goes else we continue to target 6100-6120 .
hold longs with 6000 as stoploss

happy trading...