>Nifty May expiry

Hi friends,

                   This correction in nifty is quite shallow wheras in midcaps its deep.

Lets look at the nifty correction structure.

The fall from top is combination of abc joined by a x wave. This move can do max 9340-20 ,And should reverse again now with expiry quite near ,If a fall to said levels come before expiry we can  try CE 9350 or 9400 for expiry.If the expected fall doesnot come before expiry avoid CE.These CEs become quite lucarative if the direction is in favorable direction ,Also the premiums get less.

>M&M Finance update

Hi friends,

                   Had anticipated a fall in stock in last post MFINANCE ELLIOTTWAVE  .We can see that the fall has come from 340 levels to almost 300 now lets see the reaction near 300.

A good support lies near 300 lets see if it holds the stock can do good in coming days.

>Glenmark wave structure

Hi friends,

                   Lets look at the Glenmark structure on daily chart ,The time consuming dirty upmove turned out to be B up.

The wave targets show still more downside in glenmark ,Though a inbetween bounce should come soon but eventually i think 520-30 should get tested thats the support band.

>Tatamotors elliottwave

Hi friends,

                     Looking at tatamotors charts,Lets count from high of 600,We can see a abc correction till 430 .Then again a abc up tull 550+ making a lower top and then fell to below 420 making lower low in anc correction .

Now expecting a move towards 480,500 in abc correction up to hit trendline resistance.

Need to look at the structure of this anticipated rally ,To further acertain the move.