Thursday, May 16, 2013

>Nifty premarket 16th may

Hi friends,
                    Nifty  move yesterday confirmed that an abc finished at low of 5980, My expectation was we would test 5950 atleast before reversing but this reversed too soon plus with great strength and we have already conquered the previous high.Will wait for a day or 2 to ascertain the local count
bigger picture remain abcde what i showed in this post  NIFTY .

Happy trading...

Wednesday, May 15, 2013

>Nifty premarket 15th may

Hi friends,
                   Nifty after a steep fall yesterday full day consolidated in a range ,It can be either 4th or an x if abc finished at low,Today we will know about it, By the look of it,and by experience have seen the more the time it takes probability of X becomes high.The resistance comes near 6045-6050,support for the day 5980.
happy trading...

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...