Monday, July 08, 2013

>Nifty elliott wave analysis

Hi friends,
                  Nifty moved widely between 5760-5900 for last 4 trading sessions ,5900 looks stiff resistance for now ,Sort of double top now it looks evident that we would retest 5750 atleast before
reversing in a severe selling case we can even see 5700-5670 ,We would see that later.
The above chart shows expected movement for the month .

Happy trading

Friday, July 05, 2013

>Nifty premarket 5th july

hi friends,
                  Nifty after testing 5800 went below that 5760 and came back above 5800 now above 5850 if nifty sustains we can see 5920 from where we can see further move .FMCG has again started to support nifty.This month being result month move can be stock specific.

Happy trading..

Wednesday, July 03, 2013

>Nifty premarket 3rd july..

Hi friends,
                    As expected the slow drop of nifty has started expecting first support at 5800 hope many saved their long profits.I expect this slow drop to continue till we see 5800 then we can check the further move.
Happy trading..


Tuesday, July 02, 2013

>Nifty premarket 2nd july.

Hi friends.
                  Expectation was nifty would start to loose strength around 5870 onwards we had a test of 5900 yesterday today we need to see the reaction as its on trend line resistance .


Happy trading..