Nifty 29th november

Hi friends,
                  Nifty continued its lackluster slow downward move for most of this week ,From
the look of the chart and the present few days of slow updown move suggests one more pattern
formation a triangle which is shown in below chart

With expiry being over nifty can slowly start its technical move

Regards
Rish

IRB Infra Elliottwave analysis

Hi friends,
                  Lets check the wave structure of Irb infra ,August 2010 Irb started to fall
the entire fall can be resolved into wxy ,The below chart shows the wave labeling clearly.
The firstfall resolved into a falling wedge followed by a simple abc .Right now its trading
near a very crucial juncture near 100.Above 100 this stock is heading towards big targets.
Above 100 this has potential to double in a years time max.

Keep this stock on your radar ,I would reevaluate it regularly to check what it does over a
period of time.

Regards
Rish

Nifty 26th november

Hi friends,
                    Nifty managed to stay above 6060 and went on to test 6100+ ,So i have started to think about a alternate count too which says we have finished c near fridays low.
Validity of this count holds if any fall which comes stays above 6060.
In case we breach 6060 the original count of b up remains valid,With december approaching and modi factor being hot topic among punters volatility gonna increase only.
Fot today any rise above 6120 would be considered positive and target of 6200 gets opened whereas if 6060 gets breached we head towards 600-5970

Regards
Rish

Nifty 25th november

Hi friends,
                   As said in previous post below 6100 support was 6060-50 which was too breached in the due course of the day final support comes in range of 5960-70  below which we directly target 5830-5800 upmove if any would be strong only above 6060 .