NIFTY

Good Morning Friends :
Closing below 5925 will leads NIFTY towards 5810 zone where the final trend line support lies for NIFTY ,any rise towards 6000 is giving u the chance to short again , with strict STOP of 6042NS, for the target of 5845/5800.
*Few are counting that NIFTY had not completed 5 wave from 5549-6042,in that case NIFTY can do maximum 6091. HAPPY MAKAR SAKRANTI (KICHADI) to every one.

NEW YEAR 2013

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HOPING ALL YOUR DREAMS AND WISHES COME TRUE IN 2013

NIFTY UPDATE:

Good Morning Friends :
NIFTY UPDATE :  Still the correction(a-b-c) from 5965 is not yet over ,its look like that b is doing triangle, break down point is 5860 which leads to 5740,now if a=c than NIFTY will reach 5797 and if it will extend(c=a*1.618) than it can reach 5709, the 50 % retracement from 5549 to 5965 is at 5757 and 61.8% retracement is at 5707 ,and the trend line support is also at 5707 , so take ur decision accordingly .

HAPPY TRADING (R.K)

NIFTY :2nd DEC 2012

NIFTY : I am sorry that i am  unable to update regularly in the month of  Nov , The 4th wave correction had taken nearly a month , but i had already mentioned that remain invested and 18000 is yours strict STOP , and the 5th wave is doing the damage for BEARS , now coming to 5th wave the rise from 5548-5885 is still  3 sub wave ,so any dip is still a buy for the target in between 5940-6000, I had already booked my longs . be cautious ,so start booking yours longs.Try to short in between 5950-6000 and place your stop 50 point above 6000. The option data suggesting the range of 5500-6000 for the Dec series .

INR : The INR can correct up to  in between 53-54 , so till some up move in NIFTY is left out .

R.K.

NIFTY:

The Market is balanced because few are Bearish and few are Bullish ,Its not possible that at same time all are going to be Bullish or Bearish ,Its also not possible that every one is going to make a profit from the market .So U don't have to criticize others (Traders/TA/Astrologers) to appreciate urself.

NIFTY: Still its looking that NIFTY is in a-b-c correction only, SENSEX had breached the trend line but NIFTY  is still siting at the trend line support ,so there is higher chances of bounce back ,Keep 18000 as strict STOP for ur longs ,US market is showing good weekly positive divergences and i m expecting a bounce in US market for 2-3 weeks before some more pain in the market ,So use all rally to exit ur all holding .
R.K

HAPPY DEEPAWALI :

On the auspicious day of  DEEPAWALI  . Wishing you and your family  Success , Happiness & Prosperity . HAPPY DEEPAWALI .

NIFTY UPDATE: 05 NOV 2012

NIFTY : Last week on 30th OCT  I already mentioned to start buying in small quantity some good high beta stock and NIFTY, May be we won't go below to much right now, don't go long heavily ,now every one is asking how far we will go,Use every dip to buy for the defensive target of high above 5815 NS,and i will try to exit near upper trend line which is 5865-85 NF.May be there is high probability that we can reach the target this week.So again I m warning at higher level ,don't expect too much from NIFTY. I m expecting a bounce in the US market and USD/INR .so trade safely .not much more to write .

R.K.