Tuesday, June 11, 2013

>Nifty premarket 11th june..

Hi friends..
                    Yesterday expectation was that in D wave we would make a wxy but it seems D ended at 5972 only so now nifty should target 5850-5800.Lets see the move .
Happy trading..

Monday, June 10, 2013

>Nifty premarket 10th june

Hi friends,
                  Fridays expectation was a retest towards 5900 and rally towards 6000 ,Nifty followed the flow but overshooted the downside target.
friday move completed one abc looking at structure after abc it looks like we making an x wave so probably we would do a wxy if Thursdays low holds.
if low of thrusday ie 5869 gets violated we would be targeting 5800.wxy is the preferred view.

Happy trading..

Friday, June 07, 2013

>Nifty 07th june

Hi Friends,
                   Nifty took support in 5900-5880 range and attempted 5950 twice now if 5900 holds we would head higher for next few days .
Wavewise we have finished small 5 up from yesterdays low today can be some consolidation followed by rise.
The d wave target is reducing daily as nifty dragged down a bit and took time now the trendline comes near 6000.

Happy trading..

Thursday, June 06, 2013

>Nifty elliottwave analysis

Hi friends,
                  nifty after testing 5900 rose back to 5950 but today broke 5900 and went to test 5880.
in the due course its getting squeezed more and more ,above 5950 it would be a upmove confirmation.Should take it easy till then.
The squeezed structure is shown above..