ON MONDAY 30TH APRIL NIFTY MAY OPEN FLATAND MAY BROADLY TRADE IN 5236-5158 RANGE

STRATEGY FOR TRADING ON MONDAY

BUY NS ABV 5210..FOR TRGTS 5224-5228 RANGE .. SL 5197

SELL NIFTY IN 5224-5228 RANGE ... SL ABV 5236

IF SL HIT AND SUSTAINS ABV FOR 5MIN REVERSE THE TRADE FOR 5248-5263-5277

SELL NIFTY IF TRADE BELOW 5197 FOR TRGT 5184-5171-5158

BUY AGAIN NEAR 5158 WITH SL BELOW 5144

MORE UPDATES DURING MARKET TIME

if vix reaches 18-18.5 range ns may trgt 5360-70 range correspondingly

if vix reaches 25.5-26.5 range ns may trgt 5020-5050 range correspondingly

if vix breaks abv 21.8 range ns may brk below 5170 range correspondingly

these are just my expected views and i may be totally wrong also

another view on vix charts

in this view/chart vix may fall near to strong support of 16.5-17(chanell supp also) range which may probably pull nifty upto 5450-5500 range and then vix may move up towards 26 levels

nifty 5050-5020 may be trgt 

here is another WW pattern in INDIA VIX charts which may probably result in fall in nifty in coming 10-12 sessions
the lows may be formed when vix reaches near 25.5-26.5 range ,most probably on intersection of blue lines

as per charts nifty can be shorted if vix breaks abv 21.8 lvls next week or if dips near 18-18.5 range

Akshaya Tritiyai 2012: April 24th

The amazing planetary combination on April 24th forms a wheel, which translates to “what was lost will come back to you". Think of what was lost, 1) loans given and never returned, 2) poor investments, 3) wastage, 4) Money cheated from you, etc. Make sure you get the money back that you are due – the banker in heaven, Kubera has excellent records. As we celebrate and honor Kubera the Banker in Heaven, ask him to review your lost accounts and have them returned. Lakshmi will be giving you the blessings of never decreasing wealth. Lakshmi and Kubera are working together in a wealth supporting combination. Our enhanced Homa with five priests for Lakshmi and Kubera will bring extra power to your intentions.

bearish WW pattern developing in 5min 5day charts
sell on upmove abv 5360

trgts 5270 till tomm

if any 1 missed this long journey can buy again if ns sustains abv 5338 or on dips near 5320

expecting today may be day of higher highs and ns may close near days high

res of 5379-86 range may give res today but may be conquered in gap up tomm again

nifty views for 17/04/2012

tomorrow 17/04/12 any upmove will be restricted in 5285-5291 ns range

shorts can be created near these levels with sl abv 5313,expecting these levels may be seen near declaration of RBI credit policy

another possibility:

considering possibility of a gap down opening( if asian markets are weak tomm in early trade) near 5200 and then a dip towards 5170-5160 range and strong upmove towards 5260 after declaration of policy???

strategy:

buy near 5170-75

or sell near 5280-85

all levels are ns levels

probable path of nifty spot in coming days(N.B> this may be completely wrong also ..plz dont trade according to it this is based on certain assumptions..may or may not come true exactly...its just for fun

5127-5233-5096-5199-5057-5298

bullish wolfe wave and nifty fractals

nifty fractals and bullish wolfe wave may come into play after nifty may bottom out near sub 5100 levels
green lines showing path of nifty till 2nd week of june

short term bottom near sub 5100 levels may coincide with vix moving near resistance of near 25 levels where longs can be accumulated

nifty fractals in play

after a lower low of sub 5100 levels

will nifty shoot up for near 700 points from 5050 to 5750 ns levels in next 60 trading sessions

NIFTY FRACTALS

nifty fractals in play

after a lower low of sub 5100 levels

will nifty shoot up for near 700 points from 5050 to 5750 ns levels in next 60 trading sessions

on 12th nifty will open with positive bias(probably gap up near 5262) and may trade in 5296-5230 range in ns expecting close near open price making a doji candle stick again

expecting ns to trgt 5171 till friday... shorts can be created near 5290-5300ns(1st lot) and more if moves up further near 5323-5330 range with sl abv 5338

nifty daily charts

bullish wolfe wave pattern in medium term..i.e for trading in next two months

buy on dips below 5100 ..may be possible in next 10-12 trading sessions(sl abv 5500) for trgt of 5600-5700 till 2nd week of june

nifty intrady charts

tommorow ns may broadly trade in 5330-5270 range

strategy:

buy on dips in 5273-78 range with sl below 5261

sell on rise in 5322-27 range with sl abv 5338