Monday, June 17, 2013

>Nifty premarket 17th june

Hi friends.
                  Expectation for nifty was a test of 5600+-50 and then rise.Nifty went till 5680 and rose to 5800,Now nifty is on resistance ie 5820 today being policy day volatility can go real high.I expect nifty to test 5850 or 5950 then start one more dump towards 5550-5500.
Todays support  5760 resistance 5820 Lets see todays volatility and would refine the numbers more precisely.

Happy trading..

Friday, June 14, 2013

>Nifty premarket 14th june

Hi friends,
                   Nifty reaching support band of 5600+-50 though midcaps butchering continues.
keep stoploss for your shorts 5760 is resistance .
expect a rise from support zone.

Happy trading..

Thursday, June 13, 2013

>Nifty bullish and bearish count

Hi friends,
                  I would discuss a bullish and a bearish count for nifty .
Most of Ellioticians would agree when i say we doing a abcde and we are in e wave
 now the difference can arise whether e is done or a of e is done and b running with c pending.
The yellow gives bearish move and blue gives bullish move.I would prefer bearish count which says we take support near 5600+-50 and rise towards 6000 before next down leg .
Any how both counts suggest rise after some more fall 5600 is good support lets see nifty reaction there.

Happy trading.. 

Wednesday, June 12, 2013

>Nifty premarket 12th june

Hi friends,
                    Nifty fall continues and we are witnessing continuous abc,s after short intervals which shows no strength in nifty as yet next major support lies near 5600 and we look set to touch that after some updown move .
A steep lower top channel is still not violated which again shows induced weakness.
Happy trading...