>NTPC

Hi friends,

                   Looked at NTPC chart,Can see a nice leading diagonal.The move started from below 110 and went all the way to 175+ lets see the chart structure.

Right now the stock is correcting this rally it has corrected 178 to till 155 and is trading in a squeeze.

Keep a track on this stock would update on this,As the pattern gets ripe.

>Nifty elliottwave

Hi friends,

                   Nifty has been showing small correctives followed by comparative large upticks,We saw them in the last post i wrote.Nifty elliottwave ,Here again i am able to count a wxy in small timeframe let me put the chart.

The above chart is well labeled.Assumption is as long as 9690 is not broken this rise is x wave and nifty can fall back to 9600 to make z wave ,Lets see how nifty moves 9580-70 is support.

>Banknifty

Hi friends,

                   Banknifty has been doing quite squeezed move for a week now ,Its nearing lower trendline support.

The trendline support comes at 23450-60 if banknifty continues to hold this range should continue uptrending ,If this range breaks expect fast fall towards 23000.

>Ibullhousing elliottwave

Hi friends,

                   Looking at Housing finance charts this weekend,Zeroed on Ibullhousing .Lets look at the chart.

The chart is well labled ,The stock is in c wave up which would ideally do 1225-35.This range 1225-35 is resistance zone for this upmove lets see how stock reacts to this range.