Nifty Pre-Market View.

1.Nifty has commenced its 3rd wave down and the current bounce is minor "ii" of 3.
2.Nifty is still in its 2nd wave and the new low on Friday is the irregular 2.b and the 2.c is on.
3.Nifty completed the 5 on Friday @ 5854 and a rally for the entire fall from 6112 to 5854 is on.
These are the 3 possibilities in contention.
Above 5949, the 1st view will get cancelled out temporarily.
Below 5840, 2nd, 3rd view will get negated and iiird of 3rd would be in contention (1st view back in contention with changes in sub-waves).

Nifty within its small pause zone...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

1.Nifty has commenced its 3rd wave down and the late bounce on Friday is minor "ii" of 3.
2.Nifty is still in its 2nd wave and the new low on Friday is the irregular 2.b and the 2.c is on.
3.Nifty completed the 5 on Friday or another low around 5845 would complete it and a rally for the entire fall from 6112 to 58XX is likely.
These are the 3 possibilities in contention.
Above 5949, the 1st view will get cancelled out temporarily.
Below 5843 (or 5823), 2nd,3rd view will get negated and iiird of 3rd would be in contention(1st view back in contention with changes in sub-waves).

I stopped a long time ago. Have you??

One day, after his meal, Buddha went out from the monastery where he was staying and walked towards a great forest. Seeing him going in that direction various people working in their fields called out to him to warn him that in that forest dwelt the dreaded Angulimala. Little is known for certain about Angulimala but the usual account of his life has him the son of a well-to-do family and at one time a brilliant student at the University of Taxila, then the Oxbridge of India.

At Taxila, other students were jealous of him and succeeded in poisoning their teacher’s mind against him, with the result that the teacher asked of him what he must have believed would be an impossible honorarium, a thousand human right-hand little fingers. Unbelievably, instead of giving up and quietly going home without graduating, the young man set out to collect the fingers and pay the fee.