Nifty march expiry

Hi friends,
                     I had posted Nifty chart yesterday expecting nifty to
rise towards 6620 in next 2 days but nifty  rallied and tested that
level today itself.
Lets see the present structure now.

For tomorrow nifty
can either do nothing
at all and come back to
6600-6620 or it can
target 6640-6660
according to the move
if nifty holds 6560
expiry should be
bullish either 6620
or 6650-60


Below 6560 nifty gets weak .
Lets see how nifty moves tomorrow and see where it gets expired for the month
of march.

Regards
Rish

Gail Wave Analysis

Hi friends,
                  Looking at Gail chart ,The stock looks to be in e leg
Lets look at the daily chart to see bigger picture.

From the chart we can
see that how the waves
are unfolding.
We had a fast dump in d
leg made a low at 347.
And from there we have new
leg rise ie  e leg rise.
This stock has potential
to do 400+.



Lets see the hourly chart to see the e leg structure closely.

We have a abc correction
near trendline resistance
those green dotted lines
show support of abc correction

once abc correction over the stock
should target 400+.
Buy in dips as long as 360 holds
400+ is coming.



Lets see how stock does in coming days
Regards
Rish

Nifty wave counts

Hi friends,
                    Nifty has entered expiry week moves have become stock specific
Nifty is able to adjust to a 3% fall of Reliance well :)
Indeed expiry week has come.
Lets see the chart

Looking at present structure
i think we are targetting 6620+
in next 2 days ,The structure is
messy and nifty has almost
done nothing today after
initial rise.The pattern
made in chart works as long as
we maintain 6570 level ,If
we brech that will have to
adjust the count.


Lets see how nifty moves

Regards
Rish

Banknifty rallies

Hi friends,
                    In my last post on Banknifty ,I had mentioned about this rally which
we saw today.
Now since the minimum target i expected is done ,Traling should be done
with 12300 spot price.
Lets look at the present picture.

Now till 12300 holds
things look good but below
12300 we can have a c wave
correction.My overall count
suggests an expanded flat
correction we saw 3 wave A
3wave B now a 5 wave C is
expected if we go close below
12300.So have this scenario
in mind when you trade
further.

Lets see how banknifty behaves in coming sessions.

Regards
Rish