Monday, July 13, 2009

Nifty Moving as expected



Nifty moving as Expected n assumed ...pls check below post

Extracting Triangle n HNS both are on work .....As per above chart the central line of the channel is giving support currently .....Now My view is if this support holds a bounce till 4150 can come only to ensure freash fall towards 3850-3700 lvl and that would be more fast n furious ....If this support gets broken without bounce then Nifty will slowly move towards 3700 ....This all about time frame target achievement ......

Only chance for bulls is above 4150 n that too wont be easy

Really show would be at 3700 .....4150 and 3700 are later part so will post later ...till then

Tuesday, June 30, 2009

Nifty to fall till 3700-3550 below 4150



check the HNS formation ...NIfty to fall till 3700-3550 below 4150

Thursday, June 25, 2009

Gold On Big Bull Move ??




May be I am over excited , but just have a look :)

Monday, June 15, 2009

Extracting Triangle contn.....


As posted earlier about extracting triangle ,Nifty looks like goin forward for its second bottom at around 3900-3850 lvl ......also a strong HNS pattern here cant be ruled out , its neckline comes around 4100 ....

First thing now will be closing below 4450 will take Nifty to 4350-4300 lvls ......if doesnt then another bounce can be expected .....Lets C

Wednesday, June 10, 2009

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

Tuesday, June 9, 2009

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