Nifty 3rd april

Hi friends,
                     Nifty near 6720  took a small breather nifty  and again went up
it didnot go below 6660 to show some weakness.
Lets see the present picture.

The wave stretch continues
the trendline support comes
at 6720-6700 till we hold that
range nifty can try to inch up
below that range only profit
booking would be seen.
Overall these days its midcap
season they are catching up
with their largecap counterparts

Lets see how nifty moves today which can help us to acertain the further move.

Regards
Rish

Reliance capital Target

Hi friends,
                  Looking at reliance capital chart this stock
has potential to do 380 and above that 427.
Lets look at the chart.

The chart is well labeled
we had a diagonal move
abcde followed by an
abc correction and now
again the stock has started
to impulse up.This stock is a
buy in dips as long as 317
holds targets would be
380 and above that 427
respectively.


Lets see how stock moves in coming time keep an eye on this this has a history
of moving very fast and finish targets soon.

Regards
Rish 

Nifty after RBI policy

Hi friends,
                     In my last post Nifty had posted about 6700-6720
would be an important level to watch from where nifty can
take a breather.
Lets see the chart now.

From the chart we can see
nifty is hovering in range
after scaling 6720+.
Now below 6660 nifty
can turn bit weak and
target 6600-6580.
Lets see what nifty does
in next few days.
RBI policy turned a
non event we saw some


profit booking in banks thats it, Broader market is un affected

Regards
Rish                              

BANKNIFTY and RBI POLICY

Hi friends,
                   Tomorrow being RBI Policy day all eyes would be on banknifty
35% stake holder in nifty so what ever happen in banknifty it largely affects
nifty as well.
This march month banknifty rose 18%+.Lets see technically what banknifty
looks like right now.
Let me put the wave count chart .

The chart is well labeled
We saw a top in end 2010
followed bt a retest in early
2013,And now almost near
that top .
Now right now we have a
moderate bullish count
and a severe bullish count
active here we could be
forming a triangle which
suggests we dont cross the

high ,we may retest and correct down and break resistance later sometime
The big bull case says we did a leading diagonal from the start of 2012 and ended
at double top in mid 2013 so we could have done 1 or a wave leading diagonal
then we had a severe correction retracing 80% of the rally and now again we are
up and almost knocking the double top resistance.Lets see how banknifty moves
after policy .

Regards
Rish