31 Aug 2010 Daily

Elliott Wave: Nifty Cash 5415 Forecasting:

Large - Medium Pattern Unfold: # NO CHANGE SINCE LAST UPDATE #

Major corrective phase will form in Flat or Triangle patterns. Corrective major Wave 'b Upside is ON. Wave’ b is retraces upside to 78.85% of wave ‘a. Major wave’ a was in complex pattern and wave’ b also in complex patterns. Wave' b is likely in Zigzag pattern internally. To conclude, major wave’ b to complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

Inside Zigzag pattern, Intermediate Wave' b seen Double -Three combination pattern.

Intermediate wave’ b is about to end (Last pattern is On Irregular Flat or a Triangle)

Small Internal Patterns: # NO CHANGE SINCE LAST UPDATE #

Inside Double -Three combination patterns, Nifty moving in small wave’ b of 2^nd pattern (Last pattern is On, Irregular Flat or a Triangle). Still, Wave ‘b moved 124.63% of wave’ a.

After small wave’ b complete, small wave’ c will start downside. To conclude wave ‘c, its must have min 38.2% of wave’ a

Quick Elliott Wave Views: # NO CHANGE SINCE LAST UPDATE #

Small Wave ‘b looks about to end. Downside Wave’ c started because characteristics of wave’ c is sharp and violate nature and last week fallout conclude about wave’ c.To conclude, its must have 38.2% of wave’ a. If we assume top of wave’ b at 5550, small wave’ c must have to min 38.2% i.e. @ 5320.Can be drops to 5170(61.8%) and 5060(81%).

Quick Outlooks: Nifty Cash

Nifty has given its resistance level at 5470 and close up to minor gains of 7 points. Nifty has touch 5390 level two times. So trend below 5390 will be negative bias. Yesterday, Mechanically, Nifty has generate –ve signal. Nifty will positive only above 5515 level.

Global cue is negative, so Nifty likely to open lower. Short seller can hold short Nifty at, with nearer SL 5470 and final SL at 5525 level. Buyer should wait until Nifty to crossover 5500 level. Our target downside looks nearer to 5150-5050 level.

Resistance: 5455 / 5485 / 5535. Support: 5375 / 5320 / 5290.

* * * * * Mid term Conclusion: # 01/08/2010 # Perspective can change only below 4675 #

IF Nifty not fall below 4675 within 30th Sept 2010, than it will cross above 6400 mark within 30^th Jan 2011.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

30 th August 2010 Daily

Elliott Wave: Nifty Cash 5408 Forecasting:

Large - Medium Pattern Unfold: # NO CHANGE SINCE LAST UPDATE #

Major corrective phase will form in Flat or Triangle patterns. Corrective major Wave 'b Upside is ON. Wave’ b is retraces upside to 78.85% of wave ‘a. Major wave’ a was in complex pattern and wave’ b also in complex patterns. Wave' b is likely in Zigzag pattern internally. To conclude, major wave’ b to complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

Inside Zigzag pattern, Intermediate Wave' b seen Double -Three combination pattern.

Intermediate wave’ b is about to end (Last pattern is On Irregular Flat or a Triangle)

Small Internal Patterns: # NO CHANGE SINCE LAST UPDATE #

Inside Double -Three combination patterns, Nifty moving in small wave’ b of 2^nd pattern (Last pattern is On, Irregular Flat or a Triangle). Still, Wave ‘b moved 124.63% of wave’ a.

After small wave’ b complete, small wave’ c will start downside. To conclude wave ‘c, its must have min 38.2% of wave’ a

Quick Elliott Wave Views: Small Wave ‘b looks about to end (?). Downside Wave’ c started likely because characteristics of wave’ c is sharp and violate nature and last week fallout conclude about wave’ c.To conclude, its must have 38.2% of wave’ a. If we assume top of wave’ b at 5550, small wave’ c should have to min 38.2% i.e. @ 5320.Can be drops to 5170(61.8%) and 5060(81%).

Quick Outlooks: Nifty Cash

Nifty was crack down after one day small point’s gains. Yesterday ended negatively 69 points. Nifty has broken 5430 level and close below also. Mechanically, Nifty has generate –ve signal. We are positive for Nifty only above 5515 level.

Global cue is positive, so Nifty likely to open higher. Short seller can short Nifty at rise toward 5500, with SL 5525 level. Buyer should wait until Nifty to crossover 5525.

Resistance: 5465 / 5480 / 5515. Support: 5400 / 5355 / 5320.

* * * * * Mid term Conclusion: # 01/08/2010 # Perspective can change only below 4675 #

IF Nifty not fall below 4675 within 30th Sept 2010, than it will cross above 6400 mark within 30^th Jan 2011.

This conclusion is arrived from Elliott Wave Principle…….!!!!!

27 th Aug 2010 Daily

Quick Outlooks: Nifty Cash

Nifty gained after two days sell off pressure. Yesterday ended positively 15 points. Nifty still not broken 5430 level, we are still positive until 5430 level of Nifty is not broken and close below. Nifty touched low 5452 level, if market consolidates above 5452 level for next 2-3 days, it can retest 5550 again by next week. Hold Nifty with SL 5430.

Resistance: 5495 / 5510. Support: 5460 / 5435 / 5385.

Elliott Wave: Nifty Cash 5478 Forecasting:

Large - Medium Pattern Unfold: # NO CHANGE SINCE LAST UPDATE #

Major corrective phase will form in Flat or Triangle patterns. Corrective major Wave 'b Upside is ON. Wave’ b is retraces up to 78.85% of wave ‘a. Major wave’ a was in complex pattern and wave’ b seen also in complex patterns. Wave' b is likely in Zigzag pattern internally. To conclude, major wave’ b to complete, the minimum correction of major wave ‘c should be 38.2% of Wave’ a, from the top of wave’ b. Conclusion is that wave' c will be the failure one and will not retrace the entire wave' b.

Small Internal Patterns: # NO CHANGE SINCE LAST UPDATE #

Inside Zigzag pattern, Intermediate Wave' b seen Double -Three combination pattern.

Inside Double -Three combination patterns, Nifty moving in small upside wave’ b of 2nd pattern. Still, Wave ‘b moved 124.63% of wave’ a. Likely chart forms a strong Irregular Flat or a Triangle.

Quick Elliott Wave Views: Small Wave ‘b looks about to end (?). Downside Wave’ c started likely because characteristics of wave’ c is sharp and violate nature and last two days fallout conclude about wave’ c.To conclude, its must have 38.2% of wave’ a. If we assume top of wave’ b at 5550, small wave’ c should have to min 38.2% i.e. @ 5320.Can be drops to 5170(61.8%) and 5060(81%).

Strategies: Hold NIFTY, till 5430 is not broken and close below.

* * * * * Mid term Conclusion: # 01/08/2010 # Perspective can change only below 4675 #

IF Nifty not fall below 4675 within 30th Sept 2010, than it will cross above 6400 mark within 30^th Jan 2011.

This conclusion is arrived from Elliott Wave Principle…….!!!!!