Thursday, December 19, 2013

Nifty teaches... "12345" comes after an "abc".


16 comments:

Raman Kapoor said...

Dear Sir,
You have marked wave (2) somewhere around 5900. Do you expect the nifty to go to 5900 soon?

sai babu said...

6000 is sure below monthly pivot

Raman Kapoor said...

Dear Sir, You use 9-day RSI in the charts above instead of 14 day RSI which is more common. Any particular reason for this?

Indiacharts said...

Wave c down should be 5 waves, wave c is always 5

shriram said...

If (2) in play as Expanded Flat, then these labels may be seen :-

a 6333 5973 -360
b 5973 6415 442 -122.8%
c 6415 5833 -582 161.8% * in play down

Raman Kapoor said...

@Shriram Sir, Many thanks for your response. Could you also please divide c from 6415 to sub-waves: Is it ok to say c.1 as 6415 to 6130 followed by c.2 as 6130 to 6264 followed by c.3.1 as 6264 to 6151 followed by c.3.2 as 6151 to 6197 and now c.3.3 in progress.

shriram said...

@ Raman kapoor:

That is one Hi-prob...

The other Bearish Alts. are that the fall from 6415 is doing a ZZ or a WZY ,

if ZZ: A 5wave C may have begun from 6263 NS down ; or
if WZY : A wave ABC may have begun from 6263 NS down

The Bullish Case :
6130 holds & we bump back up via a W3 to 6415+



Raman Kapoor said...

@ Shriram Sir,

Many thanks for such a quick response.

VRJ rammanohar said...

TO DAY HIGHEST VOLUME RECORDED IN 6 MONTHS MARKET GOING FORM THE OPEN TRADE INDICATES LOT MORE DOWN SIDE TO FALLOW
FIBO HIGH LOW 6415 - 6133 38.20% @ 6240 MARKET REACTED VERY STRONGLY TO PUSH IT DOWN TO BELOW 23.60 6195 EXTENSION OF LEVELS BELOW 6133 AT 6117 6091 AND 127.20 AT 6056 138.20 AT 6025

mynac said...

More than 30 lac deletion in NF O.I with 0% addition in 6100 PE indicates Bulls hesitancy.....Let us see....

ankita said...

mine thought 6308, 6333 to come very soon very strongly, lets seeeeeeeee.

MD said...

In my chartnexus, indices charts are not updating after 5th Dec 2013... whereas stocks charts are ulpdated till date... I tried t redownload also but the same problem every time...

Can anybody help me to solve this...

Ilango said...

Nifty Pre-Market View Post Done.

vk said...

Namaste Guruji.

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