Thursday, April 19, 2012

Bull - Walking on the Rope

Really sorry for Not Updating Yesterday - due to my Personnel Reason. Yesterday advised my Clients to Buy Nifty near 5195. Today it flared upto 5341 - Achieved the First Target. Given above is the 5 Min Chart - to show how Nifty moving from 5190, as I have already advised and written that the Nearest Bottom is 5180 from where we may rally. Now it seems Nifty is making an Extension waves without breaking the line marked with arrow. As per my view if its sw(5) then 5(3) is going on as marked on chart.

Yesterday Nifty unable to Perform even after breaking the Triangle Break out - as it was Resisted at 50dma as shown on Chart. So even today at the closing Send sms to Clients to Exit or Hold if able to close above 5335 Only. Now tomorrow Nifty should Break 5377.4 to confirm the Bulls Strength - from where I am Expecting a Good Short Covering and Bulls Run also, should achieve the 2nd & 3rd Target as per Buy Call given. Lets wait for Friday Move. Cheers!!!