Sunday, June 23, 2013

>Nifty elliotwave analysis

Hi friends,
                  The correction from the top looks like a 5 down but of corrective nature tripple zigzag
wxyxz with z in formation.
would expect nifty to be sideways to uppish for a day or 2 before falling again to make final drop of z. There could be a chance that Z is already finished near fridays low that would be confirmed if nifty trades above 5800.

Wednesday, June 19, 2013

>Nifty premarket 19th june

Hi friends,
                   Nifty expectation was 5850 should not cross yesterday and it should go sideways to down after that ,Nifty did the same now we are near 5800 support lies at 5780 below that 5760.till 5760 is held a upward push chances are bright.
Happy trading..

Tuesday, June 18, 2013

>Nifty premarket 18th june

Hi friends,
                   Yesterdays expectation was nifty was at rsistance a retest of support before rise.
Nifty fell to 5770 support given was 5760  and then rose to the resistance of the day 5850 same resistance was given.
Now on a lower time frame we can see a clear 5 up ,So a sideways to downside momentum can be seen if 5850 is not crossed today
support comes at 5780-5790 .

Happy trading..

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..