Thursday, June 27, 2013

>Nifty premarket 27th june

Hi friends,
                   Yesterdays expectation was sideways to negative market which we witnessed whole day ,Wavewise we did a abc from 25th high so expecting a intrday rally as had shown in yesterdays chart too after finishing abc.Resistance to watch would be 5670-5700 if its taken out we should have a very strong expiry else we should see 5670 -5700 as intrahigh and come back
.
Happy trading...

Wednesday, June 26, 2013

>Nifty premarket june 26

Hi friends,
                  Further from yesterdays post b of Z is happening expecting a abc for b to finish .
and then a rise towards 5700+ to finish c .Today can be a sideways to negative market .
Happy trading..

Tuesday, June 25, 2013

>Nifty june expiry

Hi friends,
                   As discussed in last post i m expecting wxyxz from top so we are in z wave .Yesterday a of z finished so expecting a sideways uppish move for next few days.
the structure is shown below with wave count.




Happy trading..

Sunday, June 23, 2013

>Nifty elliotwave analysis

Hi friends,
                  The correction from the top looks like a 5 down but of corrective nature tripple zigzag
wxyxz with z in formation.
would expect nifty to be sideways to uppish for a day or 2 before falling again to make final drop of z. There could be a chance that Z is already finished near fridays low that would be confirmed if nifty trades above 5800.