Nifty 26th november

Hi friends,
                    Nifty managed to stay above 6060 and went on to test 6100+ ,So i have started to think about a alternate count too which says we have finished c near fridays low.
Validity of this count holds if any fall which comes stays above 6060.
In case we breach 6060 the original count of b up remains valid,With december approaching and modi factor being hot topic among punters volatility gonna increase only.
Fot today any rise above 6120 would be considered positive and target of 6200 gets opened whereas if 6060 gets breached we head towards 600-5970

Regards
Rish

Nifty 25th november

Hi friends,
                   As said in previous post below 6100 support was 6060-50 which was too breached in the due course of the day final support comes in range of 5960-70  below which we directly target 5830-5800 upmove if any would be strong only above 6060 .

How i streamlined my trading

Hi friends,
                    Weekend post ,I would like to share my experience i gained during my last 8 years as a Trader and adviser.
To start off i was like any newbie who used to buy and sell on anybodies advise ,And enjoy the adrenaline rush when the trade used to be in favorable direction on the other side get sad on every loss trade .This happened for quite some time ,It had to stop someday ,Well i had to stop as my trading account was down to almost zero!!.

That day onwards ,I started to look for traders or advisers who used to give trade calls and it used to fascinate me few of them regularly hit the right traders ,So i got one thing straight this can be done.
I zeroed in on Elliott wave as a tool to build my trade setups ,Had countless battles on stockviews arguments etc on yahoo and google groups each battle saw me coming out with a new experience ,Slowly i started to get a hang of how waves were unfolding in market
.
I tried mastering few trading setups and kept looking for their reemergence ,Slowly got confident and  started to make some money on my own trades .I lost money only when i deviated from my trade setup or some last minute changes in trading plan ,These mistakes i still do human mind after all but i always look to minimize these hiccups.
Would further discuss on this if  you fellow traders would like to know more let me know your experiences as well it helps in building a trading mindset to run along with live market which is full of cacophonies..

Regards
Rish    

Jindal steel elliottwave analysis

Hi friends,
                    Looked at jindalsteel this could be forming a nice trade setup.Lets count waves from
180 levels It finished a abcde till 265 .
After that a time consuming b is evolving my expectation c of b is underway and the stock can fall towards 225-220 over some time after which it can rise towards 260,270.
Track this stock closely if the waves unfold the way i expect we have a nice trade on hands.

Regards
Rish