Nifty was down 2.25% today. What a good move? Nifty is on the expected path which we have predicted earlier .. Please refer the backdated the feeds for the same. Cheers...

Todays Target Acheived

Nifty Future Made a low 5225. Our call @ 5340. Fantastics 115 Points movements.
Even CMP Nifty future Price @ 5270. 5340 - 5270 = 70 Points Earns in itraday Call. Cheers!!!

20 Apr - Nifty Morning View

CMP Nifty future - 5340.

Nifty Open in Gap down of 15 points. Now trading @5340 while writing this note.
Price is coming down the support line and so i would expect the down rally on the nifty.
My Intraday Call is short nifty future @5340 for the target - 5315 with SL - 5348

Daily Nifty Analysis 19 Apr - Very Crucial Day tomarrow 20 Apr 2012

Nifty Analysis on 19 Apr 2012 - Daily WXWYZ form

·         This WXYXZ wave pattern is one of the possibility.

·         Strong point  - We looks X-Z wave inside is abc pattern and we are still in the b wave or it may got completed today, and it will move to c wave format which will complete the Z end point as per the EW wave.

·         RSI is given the Triangle Breakout which have the resistance @5400.

·         Weak Point – we have seen the breakout yesterday which was still holding today and end of day it moving in the upper side.

·         But also seen in the daily Chart the reversal candlestick bar on the top of the breakout which is the Hammer at the top. So, If nifty is moving the downside from the current closing price then we can assume the breakout of Wednesday is the false which was sustain on the same day.

·         So, Possibility is downside as per this assumption.

·         Lets us see on Friday 20 Apr 2012 which I feel the crucial day for the coming days for identifying the trend.

Nifty Analysis on 19 Apr 2012 - Daily ABCDE Diagonal form:

·         This is possible ABCDE triangle Diagonal Pattern.

·         Weak Point– It looks we are still in the 4 wave correction pattern. Pattern Beakout seen as false as price is reversed from the breakout.  So rare chance to move upward.

·         We are still not break the last high 5377 which was the D point. We are still in the E wave which was subdivide in the flat at inner side wave.

·          We might seen the gap down opening tomorrow and nifty slide towards down to E point which will complete the 4 Wave in the outer side.

·         Strong Point to move upwards – Nifty is already given the breakout Diagonal breakout and moving ahead which could find the resistance @5400.

·         5 min wave also shown downside as per the chart.

Overall – Even if it is the strong bullish sign, I will see strong Sell Sigh as well. So Tomorrow will be the crucial day for trend decisive for the next major move.

Daily Nifty Analysis 17 March 2012

Nifty is at very crucial stage as we will get to know the market move tomarrow.
As per the credit policy, reverse repo had a cut of 50 basis point which good news for the market today.
But as per Elliott wave we are still below the upeer trend line.
If Nifty opens above the trend line then we will see sharp upmove tomarrow as we are currently @ resistence level.
It looks to be we are still doing the abc pattern under B wave.
Let us watch tomarrow to get the idea of the next few days market move.
Happy trading!!!

Nifty Daily Analysis (15 Min Nifty spot Chart): CMP Nifty Spot – 5232.70

Nifty Daily Analysis (15 Min Nifty spot Chart): CMP Nifty Spot – 5232.70

·        As I mentioned in the 13 April Analysis, Nifty is in the C wave. C wave will 5 wave internal structures.

·        So, In the C wave have made the 1 wave target @5183.65 and complete day spend in making the 2 wave correction in the upper side. And I suspect this will be the end of 2 wave.

·        Why 2 wave completed – as 1) We have did the abc Flat correction. 2) 2 Wave retrace 38% of 1 wave. 3) Flat correction is in the proper channel and currently Price is  reached the resistance of the channel.

·        If tomorrow market opens and cross the resistance of 5235 then wave 2 will have different target. But I feel chances are less as the above reason.

·         Tomorrow is the Tuesday – a Big day usually heavy movement and it is important day as Monetary policy announcement.  So it is expecting the down rally if market open below 5160 as we will going to complete the 3 wave tomorrow.

·        Let us see tomorrow and watch. Happy learning!!!

Nifty Analysis -13 April 2012

1 Hour Nifty Chart – CMP Nifty Spot  – 5198.50

·        As predicted in the last communication, Nifty open Gap down in the next day but moving in the upper trend, which confirms that B wave have different target.

·        Accordingly wave b completed today (which is exactly 61% of wave a)

·        Currently Wave c is ON and have lower target between 5140 -5110. This will comlete the Wave E in the leading Diagonal. Also Wave (4) expected the same target.

·        And Wave (5) will begin from that. Let’s see how the Nifty will move in the next week.

Nifty Analysis for 10 April 2012

Nifty Spot Movement - 1 min Chart on 10^th April 2012: -

·

·   As mentioned in the last post, we may see the zigzag or Triangle today. There is triangle seen today in the blue line as per the diagram.

·        That way we have completed the b wave today. Tomorrow if nifty open up gap up then we will see b wave have upper target which I feel the rare possibility.

·        If nifty Open gap down which could be the major possibility tomorrow, then We will Nifty will down will try to make c wave.

·        This c wave will have 5 internal structures which might take next 2-3 days to complete. Target will be 5130-5120.

·        So, Lets watch for nifty level for next 2-3 days.

·        Happy Learning. Cheers!!!

   

Nifty Analysis 9 April 2012

Nifty Spot Movement - 1 min Chart on 9^th April 2012 but in Broader View: -

·        The above chart shows trend line in various colors but I would like to show that how the prices are taking the support and Resistance and acting as short term price or trend reversal.

·        These are actually Channels and Triangles. Nifty spot prices are moving inside the triangle shown in the RED color which I am looking at Ending diagonal pattern as per EW theory. Currently Nifty is in the E wave in the ABCDE pattern.

·        Ending Diagonal Pattern – All waves has internal 3 wave structure i.e abc

·        Ending Diagonal can be seen after the major moves (Specifically after 3 waves). Ending Diagonal usually seen in the 4 or 5 Wave of the Impulse 5 wave pattern. But it is not necessary as book say it can be observed in the B wave of the corrective 3 wave pattern.  

·        So where we are now and where Nifty will go tomorrow or in the rest of the week.

** As per the chart we are in the E wave which again expecting 3 wave corrective (abc) pattern.

** Today We have completed the a wave. Why a wave completed?

     As we retrace 61% of D Wave.

     As we completed 5 wave internal structure of a. Also, another possibility came up that since a is the 5 internal structure then we will should see the zigzag or triangle pattern.

    Now since we have completed a, it should correct to upward and has to made b which I am assuming 5380/5300/5320.

    Then, price should reverse from wave b and has to make C in the down word direction. C and E target has to be same approximately 5130/5110.

·        Let’s watch tomorrow’s movement. Happy Learning!!!

Profit of 26 Points in our last Short Call. Cheers!!!

Book Profit as per our last Call @ CMP nifty 5349 -

Book Profit as per our last call @ CMP nifty 5349.

3 Apr 2012 Nifty Short Positional Call:-

CMP Nifty Fut - 5386, Stop Loss - 5420 Target 1st - 5310/ 2nd - 5250 / 3rd 5160.