HNS Formation on SBI ??

SBI has already formed left shoulder 1817-40 lvl with head formation at 2039 n have bounced from the neckline at 1670 and now moving to form the right shoulder .......lets wait n watch if it does so

Sensex Monthly

This chart n trendlines has been done by My friend Rohit Rastogi ........I have just labeled it , I think have represented A and B wrongly .......I dont know why I have done that but it would be all different market if this works .....watchout for red line shown by Rohit bhai

Extracting Triangle on Nifty ??

Mr Vivek patil is suggesting formation of extracting triangle on sensex chart may form also on Nifty ....will post details later

Head And Shoulder Formation on day chart

Nifty formed HNS pattern on 5 day chart with Double shoulder on left , which arises possibility of touching 4450 ....also another shoulder formation cant be denied if Nifty stays above 4570 [:)]

Nifty forming Flat 3-3-3-3 on intra charts

As we see above Nifty forming flat ....watch out for the breakout ....will post details later [:)]

Is It a Fresh Start???

Nifty closed near 4444 on the last day of May trading session , The level which has been so crucial from last 2 years ........As we see from the above chart Nifty has rallied with great force whenever it has managed to sustain above 4444 for atleast a week or two n fallen otherwise.......So watch out for this level closely for next 1-2 weeks


About Cup with handle - Nifty retraced from the euphoric high of 4509 to 4092 and managed to pullback again to 4488 , Here a very important point to consider is low volumes in the upmove . Nifty is forming the Handle part now surely , but the Flag -Penant pattern is not confirmed yet . As I have mentioned in My last post when I revealed this interesting Cup with Handle pattern , that Nifty should retrace upto 1/3 of the cup during the handle formation ..... Nifty surely did reached 4090 which can be said enough but some criteria are yet to be fulfilled such as volumes n time range for the formation .......

I dont want this pattern to be failed as it is a very strong bullish pattern which will give us a chance enter for 2000 huge points in very fast n furious way

.......So have patience for some time ........Adios

Positional Call


Short Nifty Spot at every 50 points cmp 4480 ........Stop Loss above 4650


Trgt 4350 -4200-4050