Bank nifty consolidation or distribution?

Hi friends,
                   Bank nifty is resting after a sharp spurt.
Lets look at the structure its making right now.

As of now i see we have
finished an abc and now
in process of making
another abc .
The c of second abc
can finish either at
12000 or 11950.
From there i expect
rise towards 12350.
Let bank nifty do


this and would look for further structure development ,This structure is valid till we
hold 11860 ,Lets see how banknifty moves in next few days.

Regards
Rish

Nifty 20th march

Hi friends,
                    Nifty moving in small range
Intraday weakness below 6500.Look at the chart below.

The rise from 18th low look corrective ,So to show intraday strength nifty
has to maintaine 6500.

Regards
Rish

Jindalsteel elliottwave analysis

Hi friends,
                     Looking at Jindal steel chart ,The fall from the top in december 2013
early till low of february 14th 2014.
Lets look at the chart.

The total fall from
december to february
has taken the shape of
abc.Then the rise took
the shape of abcde
right now we are in e
wave and it has potential
to touch 270 and after that
i expect some correction
in it.


Be watchfull near 270 lev el for this stock we can have a nice correction from there
to levels of 250 it can take shape of a simple abc correction.
Lets see how this stock performs in coming days.
Regards
Rish

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