Friday, October 24, 2008
Thursday, October 23, 2008
Nifty's slide continues as settlement closes in..
Option-A:- Nifty in the terminal stage of an ending diagonal, provided it does not fall much beyond 2850..another bounce to 3120-3150 & a fall to 2850-2875 & then a good rally is possible as per this scenario.
Option-B:- Nifty is doing a running 4th wave correction and likely to start a most severe fall reaching 2600 ( or below).Most bearish.





Option-B:- Nifty is doing a running 4th wave correction and likely to start a most severe fall reaching 2600 ( or below).Most bearish.
Wednesday, October 22, 2008
Nifty in a triangle, failed to rally further.
NIFTY in a trading range with prices contracting narrower..Trade as per the ranges & subsequently in the breakout direction.
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Looking at the US market's decline & the Sgx Nifty, We are sure to break this trading bottom at 4050 and fall massively. After a pause near 2850 - 2900 levels, it may ultimately seek the 2600 levels in the next 3 days.
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Looking at the US market's decline & the Sgx Nifty, We are sure to break this trading bottom at 4050 and fall massively. After a pause near 2850 - 2900 levels, it may ultimately seek the 2600 levels in the next 3 days.
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Tuesday, October 21, 2008
Nifty gets its 1st Buy signal in daily..Now for the follow up rally
As long as Hourly close is not below 3175 & todays close is not below 3140, hold longs.





Momentum was lacking today..Notice the struggle with 5-Hour high ema.
Momentum was lacking today..Notice the struggle with 5-Hour high ema.
Monday, October 20, 2008
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