"Markets are the places where two types of people meet up in the morning: those with knowledge and those with money. Towards the end of the day, they exchange their assets and go home."
Thursday, 24 November 2011
Monday, 21 November 2011
Saturday, 19 November 2011
primary trend in nifty
Here in the graph see two H&S in a rapid manner. The first H&S having break out at 5250 which is having target at 4250-4300. The price retest the neck line at 5350 on 3 weeks ago. The pattern makes more strong because of triangle formation with same break out. There is also formation of a new H&S with triangle. Second price pattern having break out at 4700 in down side with a target of 3400-3300. So have to wait for break out.
Friday, 18 November 2011
waves in nifty

Been speaking about a 5 wave decline which for some time was not clear on the hourly chart.
Its been my contention that wave C ended in a triangle at the top and so wave e of C truncated
at 5317. On that basis a clear 5 wave decline ended today on the hourly charts as shown.
Each leg breaks up perfecly into 5 waves internally and chanelling technique discribed
So unless this low breaks we should
have completed wave 1 of 3 down. Wave 2's often retrace a lot upto 61.8% which can
give us upto 5137
Wednesday, 16 November 2011
Monday, 14 November 2011
Saturday, 12 November 2011
Friday, 11 November 2011
MAGICAL CHANNEL IN NIFTY
See the formation of new right shoulder in nifty. if on Monday market formed proper right shoulder then target of nifty is increases from the previous one. but according to current condition right shoulder is too small and price is moving within a channel. if on Monday market directly open below the trend line then target becomes 5042.
Wednesday, 9 November 2011
Friday, 4 November 2011
Wednesday, 2 November 2011
Tuesday, 1 November 2011
Saturday, 29 October 2011
Thursday, 27 October 2011
Subscribe to:
Posts (Atom)


















