Thursday, July 2, 2009

Nifty's likely possible moves...

Nifty may have completed the "b" wave of the corrective started from 4250 and poised to move up to complete the "c" targeting around 4380+ and then resume the fall.
Immediate SL for this upmove is 4305, to be raised as TSL.(Trailing SL). Below 4305-SELL>


10.46 AM: TSL for this upmove is 4320.

11.19 AM: TSL raised to 4344.

12.25PM: As the "abc" of the 2nd wave completed now @ 4379, SELL & Hold with SL of 4380 for major falls ahead.

6 comments:

Kumaraguru said...

That was a gr8 prediction, keep going!

hari said...

the mkt just went by ur observations. great job sir

saravanan said...

sir, this is possional or intra

Ilango said...

Hi..Kumaraguru, Hari,

Thank you. EW looked obvious.Lucky me..!

Hi..Saravanan,

As long as 4380 is not breached, it is a positional sell..Next level to be broken is 4220. However, any contrarian moves may result in some complex correctives due to the Budget event.

Best regards.

ilango

JK said...

Hey Ilango...well done, keep it up. You may want to keep giving a EW for daily & Weekly, and keep the Short / medium term count active.As a person like me who track your blog, do not do intraday but take positional views and hold for weeks/days.

Deen said...

keep up the gud work in future

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