Wednesday, March 5, 2014

Nifty nears a critical resistances @ 6343-58...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

The 5th wave from the lows of "5985" is underway for a simple approach. If so it should get restricted below "6342-58" zone.
Since weekly trend is up with momentum, waves could sub-divide.
Is it going to move past 6415 towards "higher" targets??
No need to know the answer; such debates lead to emotional approach, a sure recipe for disaster.
What should one do, then?
Follow the prices using your chosen study along with price strength/ weakness using @last rise retrace..
You are "alone" in this journey; believe in your judging capabilities; Look back to know "its" consequences.
"People" who throw their views will disappear the moment the "opposite of it" happens; and even if they come back to "face" you, money & opportunity are lost.
There is a time to play the lone wolf and there is a time to chant "Govinda...Govinda"..
The difference, dear friends, lies in "Time frames"....