Nifty chart 13th december

Hi friends,
                       Eventually the gap got filled and nifty closed below that next support levels
come at 6200-6190 levels,From where a rise is expected towards 6300-6350 ,Lets see how nifty
reacts to this support zone.

So expecting supports of 6200-6190 to hold for now,Lets see what nifty does.

Regards
Rish..

Nifty chart 12th december

Hi friends,
                  Nifty continued to fall in the same slow fashion,But managed to hold the
gap and attempted a good rally intraday ,Though it breached the 6300 level which
failed the white impulse see old post nifty 

 So since the gap is still held and the trendline is holding too need to see if nifty manages to hold gap today too.

Regards
Rish..

Silver technical chart

Hi friends,
                  Looking at short term chart of silver its interesting.
 We had a leading diagonal 1 complex 2 followed by simple correction in 4th to finish a
impulse .Then we has a complex time consuming abc .
The abc correction retraced almost 85% of total rise at 18.88$.
I expect a rally towards 21.55$ minimum ir the trend line resistance,After which a small
retracement can happen,Overall i think a rally towards 25$ has started with in between small hiccups.The following chart shows my Elliott count.

This count stands wrong if silver drops below 18.88 $.Lets see how silver moves in coming days.

Regards
Rish

Nifty chart 11th december

Hi friends,
                   Nifty hovered in that range only today if 6300 is breached white impulse would
fail,Rest remains same ,Characteristic of this rally has been sudden gaps ups after few days of
sleep.

So till 6300 is saved the extended impulsive move would still be an active alternative count.Overall
stocks are retracing from their resistances.

Regards
Rish