Many Question from my beloved friends, readers of the Blog,
1) will Nifty go Up from here or down. ?
2) Where will be Nifty during Diwali Session or New Year. ?
3) Should I stay Invested in Marker or Sell and Liquidate all my Holdings.?
4) Shall I invest more. Which Sector or Stock Should I Buy Now.?
For all these Query - Answer remains on Nifty Chart. So lets see What Nifty says !!!
>> NIFTY DAILY CHART <<
>Click the Chart to see on full screen<
Above Nift Daily shows that a Complete Picture of A - B - C Pattern.
From Nov, 2010 - 6338.5 to Dec, 2011 - 4531.15 - Wave A - Impulse Wave
From Dec, 2011 - 4531.15 to till date (recent high 5815) - Wave B - Corrective Wave.
So Possible Target for Wave B - May be 5950 which shall be exactly 78.6% of Wave A.
So lets assume that recent low 5583 - Wave 4 might have ended as shown on chart.
>>> NIFTY - HOURLY CHART <<<
>Click the Chart to see on full screen<
Nifty if able to cross and trade above 5725 - I assume that the wave 4 ended and upmove to continue.
Unlike in daily chart, I have an alternative scenario in Hourly chart - Low 5583 is considered as (A) and the current upmove considered as (B) and there is a possibility to fall for wave (C).
What I mean here is - Wave 4 is still not yet completed.
As I wrote last week - Possible downside for Wave C can be 5540 or 5490.
All the above alternative views get negative if able to cross and trade above 5725.
>>PERFOMANCE<<
>Click the Performance Image to see on full screen<
