>Nifty Update

Hi friends,

                    In my last post Nifty May expiry My expectation was a fall towards 9340-20 and a reversal for may expiry .Lets see the present chart of nifty.

Nifty made a nice falling wedge till 9341 and reversed .The reversal was too strong ,The suggestion to buy 9400 or 9350 CE did quite good,Ofcouse i didnot expect such huge move in a single day ,But according to waves i was able to catch the reversal beforehand.

>Tatamotors update

Hi friends,

                  In my last post Tatamotors elliottwave i was expecting upmove towards 480 and further till 520.Lets see the present chart.

The stock has already scaled 480+.

>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.