Nifty 5th december

Hi friends,
                  As i mentioned in my yesterday intraday post nifty looked to have made abcde in the correction  from 6228  till yesterday low ie 6150 ,Which i posed before market close nifty 4th dec intra ,Lets look closely how i was able to get my count adjusted accordingly  when i saw yesterday
intraday move .

So market didgive a hint about whats coming today.I have adjusted my count and this rise could be 5th up or e up and we can go to 6300 ie1=5 in due course

Regards
Rish..

Nifty intraday 4th december

Hi friends,
                   As expected nifty started corrected ,But looking at the structure its looking its making a abcde from top don't go heavy with positions.Its evenly poised for tomorrow ,Supports are not broken yet .
Don't go home with naked shorts.

Nifty 4th december

Hi friends,
                      Nifty was sideways to down most of the day yesterday ,It didnot give a close above 6212 ,Now a retest of 6150 looks eminent below which the fall can stretch towards 6100 ,Where we
have to look for a pull back.
Chart remains same as yesterdays Nifty 3rd december

Nifty 3rd december

Hi friends.
                   As mentioned nifty went on to test 6212 zone and hovered there full day,Now if we dont
close above 6212 and continue rise i would reckon we will be making another abc as shown in the
chart below ,I am looking at chart and trying to project the further move,Not like most analysts or
fund managers who have become political analysts and giving their targets.Let us see how news
breaks pattern.One thing which looks certain is nifty move from last 2 weeks is like a musical chair
game few rises few falls so ultimately its maintaining respective crucial levels .

Regards
Rish