Tuesday, April 30, 2013

>Nifty pre market 30th april.

Hi friends,
                   Yesterday nifty crossed fridays high so now we can rise up to 78.6% retracement which
comes at 5983 ,Overall stocks are buzzing according to result ,For the day below 5890-80 mkt is weak can drift down to 5850.
With  may 3rd monetary policy volatility would be on a higher side .
Trade wisely
Happy trading..

Monday, April 29, 2013

>Nifty pre market 29th april

Hi friends,
                   Friday trading witnessed some good selling in select stocks ,Mostly was result related profit booking or selling
Nifty as we see from  hourly chart is showing exhaustion,We could be in for a short term top
if nifty fails to go above Fridays high  ,Or below 5850 it would be a confirmation that
we have finished A wave.Lets see how nifty behaves today to further get confirmation on the
count.
Happy trading!!!

Friday, April 26, 2013

>Maruti elliott wave analysis

Hi friends,
                   Maruti today touches an important trendline resis ,The slanting upward contracting
structure looks like a ending diagonal or rising wedge not confirmed neatly as the inner structure
is not that clear keep an eye on this till 1720 is not crossed we are in for a prominent top .

Thursday, April 25, 2013

>Nifty end of day 25th april

Hi friends,
                     Nifty continues to go up in a spiky fashion ,A characteristic of X waves
running as if no tomorrow.
The hourly chart shows a parallel
up channel yet to be violated look for a breach the early sign of weakness fib shows this can conquer 5980-6000