Nifty intraday 19th march

Hi friends,
                   Nifty after yesterdays intraday fall is rising slowly
in a time consuming pattern.
Lets look at the chart .

From the look its making
abcde now if
nifty holds 6505 we should
target 6550 first
to finish abcde.
overall a time consuming move
which suggests nifty passing
time.
Bg pictire remains same
weakness only below 6480.


Trail longs with that.

Regards
Rish

Nifty Falls after new high

Hi friends,
                  Nifty today fell after making intraday high
See what was my expectation Nifty 18th march .
Lets look at the chart now.

 Now according to the structure
tomorrow if we
hold 6480 we should continue
to go up.If we breach 6480 we
need to be carefull,Since
we did a new high
today the wave could have finished too.Tommorrow move is
important for further
interpretation of nifty move



Regards
Rish

Nifty structure 18th march

Hi friends,
                   Had mentioned in Nifty 14th march about the fall supports
and levels of reversal ,Nifty went to said support zone ie 6430 and reversed.
Lets look at present structure.

Overall we saw
a nice abc zigzag
correction and
reversed up,Now
nifty has potential
to test 6600,6650
and in good case even
6700+ in  good case.
Todays support lies at
6480 levels.


6700+ level coincides with rising trendline resistance.
Regards
Rish

Reliance Industries near breakout

Hi friends,
                  I had posted Reliance Industries Analysis few times this stock has been
in triangular move for 1 year now and the stock is still consolidating in the triangle
Look what was my expectation in it when last time i posted Reliance Analysis .
Lets look at the present Chart Structure.

In the last post
my expectation was
c of E fall and we
indeed saw a c fall
towards sub 800
levels and consolidated
there for some time
before forcing its way
up.
Now again nifty is near


Trendline resistance ,Reliance has resisted to 920 odd levels twice and the probality of
breaching this is high as we would be testing it for 3rd time.
After breakout the potential of Reliance is to touch levels of 1050-1060 .
Lets look the  structure of rise from 793 .

This went too fast
This was biggest
rise in reliance for
last 1 year.
The internal structure
of rise suggests impulse
in making we have done
123 and in 4th probably
a triangle in making.
Look for a brea of upper
trendline for a target of

920 atleast.Keep this stock on radar because if Nifty has to rise further it would be speaheaded
by Reliance.
Regards
Rish