Friday, June 15, 2012

Nifty has consolidated for 4 days & poised for the next part of the upmove.




11 comments:

HARISH TAHKKAR said...

Market end :

http://image1.masterfile.com/em_w/01/09/00/608-01090046w.jpg

shriram said...

Alternate IM degree EW lables, put forth thus

W : 6339-4729
X : 4729-5400-4531-5379 (expanded FLAT)
Ya: 5379-4804 (truncated 5th , wid 3rd @ 4789)
Yb: 4804-5146** (done 59.3% x Ya)

Fibbo - 61.8 % @ 5159

Going into Yb:
Yb.A 4804 5020 216
Yb.B 5020 4770 -250 -115.7%
Yb.C 4770 5146 363 174.1% (already done min 161.8% for X-panded FLAT)

Goin further into 5fifer Y.b.C :-)

Y.b.C1 4770 4899 129
Y.b.C2 4899 4848 -51 -39.5%
Y.b.C3 4848 5059 211 163.6%
Y.b.C4 5059 4995 -64 -30.3%
Y.b.C5 4995 5146 151 117.1% (playing out as ED ??)

And now going into 3-3-3-3-3 ED Y.b.C5 as:-
a 4995 5124 129
b 5124 5016 -108
c 5016 5144 128 99.2% (of a)
d 5144 5048 -96 88.9% (of b)
e 5048 5146 98 76.6% (of c)

This LAST "e" shud be a 3-wave .. so can do max
e.c=1.618xe.a = 5155 !!

Coming BACK to HIGHER DEGREE
Yb = 61.8%xYa
will give = 4804+ 0.618x(5379-4804) = 5159 !!!


This 5157-5159 is the HAWALA LEVEL to watch out for MONDAY as per Mr. R.N ELLIOTT :-)

cheers

jonak said...

target 5370 ...theres a chance we may touch 5400....in one week time

Bala said...

SGX today announced the launch of NIfty Options with effect from 16 July 2012. Available to trade even during NSE holidays just similar to SGX Nifty Futures.

sudharsan said...

Good Evening Master And Friends.. In Weekly Chart looks like a hanging man candle formation..seniors pls guide

nifty rider said...

dominance of knowledge is not good,its suits to ma laxmi but not to ma saraswati. i still wonder why nifty goes to 4770.35 if low is 4788.95.Again bhool chook leni deni.......

nifty rider said...

WILL BE BACK SOON MY BRAIN IS UNDER CONSTRUCTION

STOCK4SURE said...

while nifty closed near its high of the day
INDIA VIX also closed near the high of day
hi-25.92...lo-24.49...closed 25.54
india VIX daily charts showing strong TL res near 26.2-26.5 range(presuming big fall may not be possible)
does it indicating anything else for trading on monday????

San said...

BANK Nifty Weekend update: CLICK HERE

Lonely Trader said...

here is another view with market profile, stress is on follow through after breakout. http://indiastockspotter.com/Blog/tabid/88/EntryId/114/Trading-Strategy-Nifty-Futures-18-06-2012.aspx

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