Dear Sir,You have marked wave (2) somewhere around 5900. Do you expect the nifty to go to 5900 soon?
6000 is sure below monthly pivot
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?
Wave c down should be 5 waves, wave c is always 5
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
@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.
@ 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 ; orif WZY : A wave ABC may have begun from 6263 NS downThe Bullish Case :6130 holds & we bump back up via a W3 to 6415+
@ Shriram Sir,Many thanks for such a quick response.
Namaste Ilango Sir & Blogmates, Bearish: Huge liquidation saw the index nosedive below the psychological level of 6200 giving the Bears back the control of Option Table; a follow-up action can bring 6100 level...: Option Analysis for 19-12-2013Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
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
More than 30 lac deletion in NF O.I with 0% addition in 6100 PE indicates Bulls hesitancy.....Let us see....
mine thought 6308, 6333 to come very soon very strongly, lets seeeeeeeee.
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...
Nifty Pre-Market View Post Done.