Nifty could make a triangle formation with "abcde" correction.
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
17 comments:
there are to type of triangle petern so wihch type of forming...syramcle..? If this type of forming nifty will be seems 1000 point of up side...? I may be wrong..
Jai mata di...
233DMA will act as very strong resistance 5210-15.
market has a very bad tendency to go against all
max possibilty direction i.e. now big support of 5150-
-5200 is everyones favorite.
If the market has to reverse perhaps it will do so only after creating panic selling...and that may take Nifty to any levels. Next three days are crucial.
gkm 223 - agree with you 48XX levels..but not this month a bounce is due according to me :( :P
Discipline is "main subject here" so nobody will take my
contra view is "my advantage" hence posting "boldly" :) :D 1-2% raise is nothing for "nifty" nowadays. I may be "wrong' in Judging the Mr. Market. This s the first time i am playing with "other method"apart from my "Cam". I followed this "for short" worked out well. but ":in long:" first time.. let me see.
Expiry time - no technicals will work out :D i believe
Shr - hi, definitely this is not "what v discussed" :) :)
market may react on GAAAR impact
GAAR
5220 & 5256 need to be OVERCOME BY EOD TOMO & PRONTO for BULLS !! :-)
cheers
sujatha ji i play for minimum 150 to 200 points
and i am bearish till my minimum tgt 48** but
not saying that nonstop slide, it will be zig zag
or may be ????
http://www.youtube.com/watch?v=UQ3Jb-Ej7kw
@gkm223 and Sujatha,
Season's greetings to both of you.
I am a new boarder. I think below 4900 will happen in April series. I expect a bounce either intraday tomorrow or Wed 1st session.
Last week, Deccan Herald mentioned that FIIs withdrew 2000 crs from Indian market.
Weeks ago Ajay Piramal said he was not confident of making big investments in India and looking outside the country. Today, Vijay Mallya said foreign investors don't want to invest in India. So, things are adding to the gloomy side rather than sunny side.
@Sujata, definitely not what was expected. Maybe the market just pulled a Houdini trick instead?
But I was hoping for a bounce from the 5180 levels late in the day but maybe it happens tomorrow? Today, probably, the panic selling mentioned by authorharb based conveniently on GAAR?
JNSAR, J10SAR, the EMAs all firmly pointing downwards, options data also not looking encouraging and unless tomorrow market recovers what it gave up today plus more, the DII bulls may not turn up to put on their year end show...
And it appears as of today, this expiry bulls in pain; bears sitting pretty with their chilled glasses.
Namaste Ilango Sir & Blogmates,
Bears were in total control throughout the day with respite whatsoever for the Bulls; Option Analysis for 26-03-2012
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
If I am not mistaken, JN bears planned a party in Goa and the Goa Govt. all set to welcome them with a huge cut in petrol price.
Bears all the way....
bring down your positional SL to 5285-90 from 5325-30 and continue
to trade downwards using any intra bounce that you may get for positional
trades...dow is +1% as of now and will help in giving green opening :)
tomorrow if ns could not break abv 5209(5212-5217)is res range)at open then
may crash heavily for trgts of 5112-5106 range
if breaks abv 5217 then may trade in 5236-5171 range
5242 is 55dema will be stiff res
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