Sunday, October 31, 2010
Friday, October 29, 2010
A possible downward 5 wave move discussed numerous time below 5992. Nifty bounced off while recording a low @ 5990 few days back. Yesterday corrected up to 6083 (6090 pivot discussed) and sold off quite sharply. Now it's poised to move further lower towards the positional targets discussed on 19th oct.
 |
| 5850/20 level was projected as the final target. |
Tuesday, October 26, 2010
Another day of great volatility which was managed by some good levels. On last post 6082/95-6155 range was discussed, where I specifically mentioned the strength of the support zones. Nifty again made a low exactly at same point @ 6095.5 before moving up with quite a momentum towards 6155, while making a high @ 6140. Frankly today's move was quite a choppy by any means, but intra levels would have helped immensely while trading.
Monday, October 25, 2010
Performance for August & September will be posted shortly.
Friday, October 22, 2010
We again experienced some volatile movement of bigger amplitude for last couple of days. And the last chart has just been worked exceptionally well. Anyone could have made number of profitable trades and extracted handsome moves. The discussed 5992 support on the downside and 6155/60 has worked exceptionally well and that too for couple of times. The first up move came from 6005 wand resisted @ 6165 as per the level given. A fall did set in to bring Nifty again down to 5990, where the support was at 5992. Bounced and bounced sharp and again made a high @ 6152 before retracing.
Tuesday, October 19, 2010
Monday, October 18, 2010
Tuesday, October 12, 2010
Closing basis support level 5083 discussed on the yesterday's post acted as the support for intra session. It made a low @ 6083, where support discussed on last post was on 5084/80 zone. Though it never looked bullish as failed to 6172 zone and closed breaking 6115. Now a close above 6115 can bring temporary relief for bulls which can take Nifty further towards 6150 crossing above 6125 zone. A close above 6172 or a cross a above 6190 can bring it's momentum back to the bull's court. Otherwise it's still correcting and trending down for shorter time frame.
Note: Cash call subscription rate will be 2500/- per month next week onwards.
Monday, October 11, 2010
Thursday, October 7, 2010
Wednesday, October 6, 2010
Tuesday, October 5, 2010
Friday, October 1, 2010
Mentioned clearly on the post for 29th sept ........"6015 in initial, below that it can again target 6000, and find support before moving towards 5980-5960 finally". Nifty made a low @ 5963, right on the dot before moving up for the day, and what a convincing move it was. and I hope everyone made well out of that level. Yes... it was easy :-).
Supports: 5990-5960 crucial zone. See charts for the details.
Resistances: 6060/65 is important and profit booking may emerge. Above that 6095.
Subscribe to:
Posts (Atom)
