Banknifty wave counts

Hi friends,
                     In my last post i had shown the bigger picture of Banknifty .
RBI policy was a non event ,Still banknifty started a small correction.
Let me show the chart.

From the chart we can see
Banknifty has done WX
and right now in Y
I expect banknifty to
do 12400 over next few days
as long as 12750 is held.
Overall a slow time consuming
correction which should set the
base for next rise.



Lets see how Banknifty moves from here.

Regards
Rish

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