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Tuesday, 16 October 2012

Nifty's Way Ahead - Digging out the Possibilities in Short term

Since last few days... Nifty is in cosolidation zone and not moving in either of the direction. It difficult to analyse in this consolidation period. But trying to find out the possibilities of the Nifty move ahead in the shorter term and possible targets......


Possiblity 1 - Wave B as an Triangle and Break down today .....



Possiblity 2 - Zigzag Wave Formation from Top 5833 as in ABC.



Possiblity 3 - Head & Shoulder Breakout



Possiblity 4 - Bullish View - Expanding Leading Diagnal


 

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