Thursday, December 05, 2013

Game Over (or) Just Started ????

Dear All,

>>> Nifty - As Updated Yesterday <<<

>>> Click the chart to see on full screen <<<

Yesterday wrote clearly if 6153 holds then possible to bounce till 6262. See what happened today.
>>> Happened and Yet to <<<

>>> Click the chart to see on full screen <<<

Exit polls gave a gap up and achieved the Levels given yesterday. Now Whats Next??? It looks like Wave 2 ended, but if the red support line holds possible bounce back again to 6275 and 6357. Lets See.

>>> Bank Nifty - As Updated Yesterday <<<

>>> Click the chart to see on full screen <<<

Bank Nifty said - A-B-C-D-E pattern and did an upmove as expected. But lets see one more alternative which is bearish also.

>>>> Happened and yet to <<<<

>>> Click the chart to see on full screen <<<

So given here is an bearish alternative. Hence the current upmove marked as Wave 2. Lets see.