Whenever prices move above 8001, 5 sub-waves done from 8160.Always monitor the prices using "last rise/ fall retrace" to stay with winning trades.
Supreme court de-allocate all coal blocks. More pressure might come combined with the expiry tomorrow
sir,5.1 wud be 8025-7992.7
BUY THE RUMOUR SELL THE NEWS
8025.35 to 7991.8 was read as "b" of "iv" and "c" ended at 8015V.(i) was from 8015 - 7996.75. V.(v) was the truncated low at 7960.60Hence, monitor the rise from 7960.60 and there could be an irregular "b" below 7960.60 and this should be kept in mind..I would not recommend to follow 2-min sub-waves unless they are confirmed by technicals.
7993 7985 ... is 50%-61.8% retrace of the last rise from …… 7961 to 8025 80% is - 7974 If strength to return again, it should be around 7993 7985 Weakness gets confirmed Below 7985 OR 7974
thank u sir
For the 5 wave fall from 8160 to 7950.Bearish: 8055 8080 ... is 50%-61.8% retrace of the last fall from …… 8160 to 7950 80% is - 8118 If weakness is to return, it should be around 8055 8080 Strength gets confirmed above 8080 OR 8118
nifty Dsma 50..@ 7950... Nifty low 7950.05
@ brijsolution ,Correction:Nifty 34-Dsma @ 7950... Nifty low 7950.05
Dear Master weekly trend is sell on rise ?????
Other bearish scenario:1/ A with 5 sub-waves done from 8160 to 7979.80a:7979.80 to 8025.15b:8025.15 to 7950.05c:7950.05 to 8024.80.3/C started at 8024.80.This view negated above 8025.
@ sudharsan,Though week trend is "UP", there were -ve divergences and there is exhaustion above 8100 and WHEma has risen to 8104 with prices trading quite far from it.If prices close below 8023 on Friday, the week trend would turn down.Hence, we kept repeating in our pre-Mkt view of this "weekly weakness" and when day became overbought, the selling emerged swiftly.
A small correction:3/C started at 8024.80.This view negated above 8025.September 24, 2014 at 3:04 PM ===============================3/C starting is yet to get a confirmation...2/B could rise towards 8050, if holds above 7980 approx..
Master in retracement table Rise from 7540-8160 or 8180
Thanks sir..Ya it was mistake..
@ sir, if close above dlema 8000 than should we close short?
Dear Sir,Why are you not considering end of 4th wave from 7422 at 7950. Is it too early to consider itThanks
close above 8000
@ Prakash Tamilnadu,7540 to 8180.
@ Raman Kapoor,It is possible as there have been occasions the "c" has truncated.Prices moving past "8065-85"/ "21/34 Hr smas" would be an early indication.
@ Nilesh,A suspected 5 wave - part booking alone could be done as these ST waves are deceiving while the ST trend remains down.