Thursday, May 30, 2013

>Nifty premarket 30th may

Hi friends,
                     Yesterdays expectation was that nifty would be negative to sideways but won't cross 6150 .And a closing below 6080 would be weak for market ,Nifty did go below 6080 intraday but managed to close above it.
Today being expiry day resistances or supports can be broken with ease:).If market remains above 6080 expiry can be above 6100 probably near 6150 ,If it remains below 6080 then it could be a negative day.
Happy trading..

Wednesday, May 29, 2013

>Nifty premarket 29th may

Hi friends,
                   Yesterdays expectation was a sideways volatile market and indeed market was volatile we saw a swing of 80 points between the high and low of nifty.For a impulse we should see 3rd ending near 5150 and for a abc also c ending near 5150 so both counts suggests negative to sideways move if market goes below 6080 that would be first sign of weakness .USDINR
continues to be strong after a small correction again conquered 56+ .Overall for the day market is expected to be below 5150 .

Happy trading...

Tuesday, May 28, 2013

>Nifty premarket 28th may

Hi Friends,
                   Yesterday expectation was if 5980 holds nifty would target 6150-6200 and yes nifty spiked towards 6100 yesterday itself ,Today nifty can be sideways volatile full day ,The wave count has been labeled,The speed of the upmove and structure suggests to re look at count near 6150+  .
Happy trading...

Monday, May 27, 2013

>Nifty premarket 27th may

Hi friends ,
                    Expectation was 5980 would be an important level and we saw nifty hovering around that level for most part of the day.Now if nifty manages to hold 5980 we can head higher probably yo make a lower top near 6150-6200 levels .
If 5980 is not held then we can target 5900 but thats not the preferred case ..

Happy trading..