Wednesday, February 29, 2012

Time to Fall !!!


As written Yesterday Nifty today Jumped to 5458 and hit our Target. Completed SW(B).
Now its time to fall for SW(C).
As shown on Chart Nifty is falling today as 5 steps for its sw(c)(1).
Also forming a H&S - which will come into effect if breaks below 5352.
Target 5269.

Tuesday, February 28, 2012

Go Up to Come Down????


Yesterday Nifty done sw[A]-Low made 5268.45.
Started moving up today for sw(B). As shown on Chart Nifty today took support at 23.6% at 5353 level and closed at 5377.6. Next level should be 5406 of 38.2% as shown on chart.


As shown on chart - if Nifty remains inside this channel - no need for worry.
Possibilities of reaching 50% at 5448 also there. So Interesting days ahead.
Lets wait and See

Monday, February 27, 2012

Falling with Fear


After Nifty Broken the important support of 5406 & 5370 - Friday counts became invalid and Negated.
Now as shown on chart, Nifty trading below 23.6% retracement of 5370 should find support at 38.6% which is 5209.
As far as Nifty trading below 20dma may favour Bears Only.
Also my Earlier Post on Feb 23rd about a H&S Break Out for 167 Points for a Target of 5280 is almost done today.

http://niftyforall.blogspot.in/2012/02/channel-broken-preparing-for-another.html

Earlier Post on 23rd Feb.

Happened today with 186 Point fall after H&S break down from 5454.

Sunday, February 26, 2012

Weekly Call - LITL

LITL - ran from 8.6 to 25.1 in just nearly 2 months.
Stock moved up from 16 with Good Volume
It seems more Upside Left if it trades above 22.70.
I strongly Recommend for Delivery Lovers to accumulate the Stock for a Good Target with a SL of 18.8 on Closing Basis.
Target 27 / 29 & 32
Cheers!!!

Friday, February 24, 2012

Gap Filled - Ready to Go Up Next ??


Yes Gap Filled at 5427 as written Yesterday - Made a Low of 5406.
5406 is Exactly 78.6% Retracement of SW(3).
Now 5 step fall of SW(A) is done. Its time to Go Up for SW(B) as marked on Chart
I expect a rally up to 5542 next week before a fall.
Hope every one who visited this Site might have made Profit from the Fall as we have alerted every one from 5588 level.
Almost 182 Points Profit. Lets wait for the Interesting weeks to come. Cheers.

Thursday, February 23, 2012

Channel Broken - Preparing for another Fall???



As written Yesterday Nifty finds the Support at 5461 today and Jumped upto 5537 - Thanks to Expiry Day today. 5427 Gap is Yet to be filled. Note that Nifty has Broken the Channel which started from 01st Jan, 2012 and closed below that.
Now 5427 gap left to be filled.


At the same time - Nifty also formed a Head & Shoulder Patter on 5 Min Chart. If 5453 gets Broken then a 167 Point fall can't be ruled out. Target should be around 5286 or 5280. So Lets wait for the Interesting Days ahead. Cheers!!!

Wednesday, February 22, 2012

5588 Broken - Now time to Fill Gap.


As written Yesterday, Nifty today Broken 5588 and touched and low of 5491.
As shown on Chart, Now Nifty had a Support at 5463. If broken, then may fill the Gap left at 5427.

Tuesday, February 21, 2012

Nifty 5588 to Decide ?


Nifty to decide below 5588 ?
As shown on Chart end of SW(3) and to Start SW(4).
SW(4) will be confirm only below 5588.
Lets Wait & See.

Friday, February 17, 2012

Nifty - Trend Reversal ????


Nifty Broken the Bullish Wolf Wave Line with a Gap Up - Ended with a Red Color Doji.
But Still Staying Inside the Raising Wedge.
Now Nifty should touch the Bottom line of the Wedge, before making further move.
But if Breaks the Bottom of the Wedge, will confirm the Wave "C" for a fall.

Thursday, February 16, 2012

Nifty - Get Ready for a Trend Reversal ????



Nifty Gave a Break out on 10th Jan, 2012 on a Bullish Wolf Wave.
Ref to the above Chart marked with (1)(2)(3)(4)(5).
As per Yesterday we touched the Line as drawn on Chart and achieved the Target 5542.1
Today Nifty formed a Harami Inside Candle - which I feel it may be a Trend Reversal from here.
Also as per EW - if Nifty is forming a Irregular 4th Sub wave, then we might have finished (B)as marked with Yellow color.
Inside Wave (B) - sw C has almost Re-traced 350% @ 5542.1 of sw A.
Now Nifty should fall for swC on the downside.
On the Contrary if Nifty breaks above the Wolf Wave Line - then its Sure that we are heading towards a New Bull Run.
Lets Wait and See...

Consolidation or Correction




Nifty If breaks and trades today the Channel as given on chart, then should fill the Gap left as shown.
Target 5427.
Else if Breaks above the Channel as show on Chart can show new High as usual.
Lets see.

Tuesday, February 14, 2012



Nifty touched its previous high of 5427 during closing session with the help of Tata Motor Result.
It seems Nifty forming a Expanding Triangle on the 5 Mins Chart.
Nifty if breaks 5427 in tomm trade, it seems it can touch 5450 also to completes it last leg before a meaningful correction.
Breaking these Resistance can bring 5530 on nifty with sudden rush.

Monday, February 13, 2012

Nifty Looking for Correction


It Seems to be Nifty has completed its Sub Wave 3 as marked on Yellow colour.
Nifty completed Sub Wave B at 5414.25.
Now Sub Wave C should be upto 5328 or 5270.
Lets wait & See.