Friday, February 28, 2014

Nifty gets "almost" all signals for its "uptrend"..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

Stay focused on WHEma & MHEma from TT as new highs are being made.
EW has been made simple and would need a change only if the last rise(from 6177) retrace is exceeded on the downside.

Wednesday, February 26, 2014

Nifty gains steadily on the back of improving technicals, needing just another day to confirm it..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

One day before EOM & EOW. Two numbers would be key-6097&6187(rising with new highs).
For the day, it would be 6174 & 6189(rising with new highs).
Support is around the rising trendline @ 6170(6173-50% of last rise).
Prices managed to stay above HrJNSAR and HrJNSAR itself has risen closer to Day's pivot..
34 Hr Sma, close below the same would lead to deeper correction. Until then, all drops are being bought into.
FII's buying continue to be higher while VIX remain lower..
EW: Waves are sub-dividing and weakness would be considered only if 6160 is breached.
A likely "v"th wave ends around 6231 (aggressive). (Trailing with a fibo retrace of the last rise from 6177)

Tuesday, February 25, 2014

Nifty's ST indicators remain in OB zone with unimpressive gains...

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

Prices closed above the most crucial MT avg-6180, 50dsma.
The gap extends upto 6263 & the 80% @ 6271.
Sustaining 6180 is quite crucial and it is being done with a "iiird of 3rd";
Last rise started from "6131" and the immediate resistances @ around 6231 & 6263-71.
"Sitting through" is the best strategy during "iii"/ III/(3)/3rd waves...well supported by continuous inflows from FII's(though in small amounts) and very low VIX.

Monday, February 24, 2014

Nifty closes above 50dsma, another hurdle crossed & to be protected/ defended....

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

Prices are nearing the most crucial MT avg/ Gap start-6174-89. The gap extends upto 6263 & the 80% @ 6271.
Moving past 6174-89 is quite crucial and it could be done only with a "iiird of 3rd"; Failure to do so today would put Nifty back into corrective mode.
Remember that till "6271" is not surpassed, bullish momentum would not return.
Last rise started from "6129" and whenever prices drop below 61.8%/ 80%, it would mean corrective mode has returned. Sustaining would confirm of the continuation of upmove.

Saturday, February 22, 2014

Just put one foot in front of the other, and enjoy the walk.

"Try and if you don't succeed, try and try again". But then you've also heard the converse,
"Try, and try again, and if you fail, then stop. Don't be a damn fool about it!".
On the one hand you hear, "Go with the flow", and on the other hand,
"Only a dead fish goes with the flow."So, understandably, people are often confused, unsure when to persist and when you realign goals and strategies. The answer to your question is found in the famous "Serenity Prayer":

Friday, February 21, 2014

Nifty closes above WEma, one of the few pending signals for uptrend..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

Trade Table shows "Down..Down..Down", meaning prices are in a consolidating mode until LEma or HEma is conquered.
Bears would target initially "6073" and later "6040", the LEmas while the
Bulls would target initially "6123" and later "6178", the HEmas. And the
Pivots would be the Emas-"6097-99".
EW:
If prices move past 6120, it would mean either
the correction is over and the next upmove unfolds....or
the correction continues as a flat, holding above "6073", considering a 3-wave fall from 6160. In this scenario, "a" done @ 6084, "b" would move higher towards 6145 with the help of global cues and "c" could move down again on the back of "roll over".
Technically:
Week could generate a new signal with a close above "6115" considering FII's inflows, low VIX.

Thursday, February 20, 2014

Nifty, opening below 6136, confirmed & started a correction..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

After a long, shallow, sideways correction of 25 points, Nifty moved higher to make a high of 6160 from 6136 at the closing hour yesterday.
Below 6136, the sub-dividing iii rd wave gets negated and a retrace for the entire rise is likely.
Below 6136, correction gets confirmed for the entire rise from 5985-6160(1) which would take the prices to 6094 or 6073.
Below 6073, bearish flag(c) start to gain prominence.
Thu & Fri are the days, week trend starts to get active.