Monday, December 31, 2012
Thursday, December 27, 2012
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)
Saturday, December 1, 2012
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.
INR : The INR can correct up to in between 53-54 , so till some up move in NIFTY is left out .
R.K.
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