Nifty Intra day 12th march

Nifty continues to fall slowly as it was expected in nifty post.
A slanting parallel channel is forming.

This consolidation would take some time ,Let it consolidate and trade the break of
channel.Overall the nifty is resting after sudden few days spurt.

Regards
Rish

Nifty Structure march 12th

Hi friends,
                   Nifty yesterday made a small wedge in lower time frame
as had expected it Nifty wedge.
Now till 6550 is not taken out we can expect a small drop till 6450-6400
Lets look at the chart.

If this move comes
I would con sider this
as 4th wave if the fall
continues i would have
to relook at the count.
Lets see how nifty
moves in next few days.





Overall till 6400 is held a serious dent in nifty is not expected but stockwise
lot is happening be stock specific.

Regards
Rish

Nifty chart 11th march

Hi friends,
                   The nifty was pretty much sideways  yesterday ,Looking at yesterdays
structure its kind of wedge,As long as 6500 holds we can see the upmove continues
and hit 6600+.

Where as the upmove
gets weak for short
term below 6500
and we can target
6400 below 6500.
Overall midcaps
continues to perform
.Largecaps in nifty are
like playing musical chair
few fall and few hold
which holds nifty

Like currently oil and gas along with banking holding and IT and pharma correcting.
Tricky market .

Regards
Rish

Nifty 10th march

Hi friends,
                     Nifty is well above the last previous tops and looks unlikely to fall back
anytime soon a small consolidation in range and rise back would be ideal case
Till 6340 is held don't expect any big cuts ,Dips would be a buy opportunity as long
as 6340b holds in next few days would get more clue about the next wave structure
and would count the lower time frame waves then.

Sectorwise concentrate on oiland gas and realty sector.

Regards
Rish