Tuesday, June 25, 2013

>Nifty june expiry

Hi friends,
                   As discussed in last post i m expecting wxyxz from top so we are in z wave .Yesterday a of z finished so expecting a sideways uppish move for next few days.
the structure is shown below with wave count.




Happy trading..

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..