BULLISH WW IN NIFTY CHARTS

MAY DIP TOWARDS 5970-60 TILL  MONDAY

MAY HAVE FORMED PT4 NEAR TODAYS HIGH AT 6097.xx

BUY AGAIN NEAR 5970-60 RANGE FOR TRGTS ABV 6100+

EXPIRY EXPECTATIONS

A BULLISH WW MAY DEVELOP IN NS 5MIN 5 DAY CHARTS

NS MAY HAVE FORMED PT4 NEAR 5938 OR MAY FORM NEAR THESE LEVELS

THEN MAY DIP BELOW 5800 LEVELS TILL TOMORROW TO FORM PT5 AND SHALL MOVE 

UP TOWARDS 5940-50 RANGE FOR TRGT TILL THURSDAY

IF NIFTY MOVES AS PER THIS PATTERN THEN MAY EXPECT STRONG VOLATILITY IN 

NEXT 2 DAYS OF THIS EXPIRY

PINK LINE IS SL LINE FOR THIS PATTERN AS BREAKOUT ABV WILL BE

BULLISH

FRACTALS

some more fractals in daily charts

in left part a contracting triangle was formed as shown in blue lines and pt5 busted out of line joining pts 1 and 3 and expected trgt price was reached at expected time in same way as we do in WW pattern

this contracting triangle pattern is repeating in right side in violet lines

pt5 got busted again out of line joining 1 and 3

if we draw the line joining pts 1 an 4 in black line in running contracting triangle pattern (similarly as in left side pattern in red line)for evaluating trgt price then i am getting it abv 7100...whopping number and by time may take 4-5months 

nifty views updated

posted on 8th aug

i am expecting nifty may show some bounce towards 5700 

-5730-5770 in next week from 5445-50 levels

if could not break abv 5770 range on closing

 basis then may expect another round of 

downmove will start for near 5050 levels

buy aggressively near 5410-5430 range with sl 

below 5370

trgts 5570

will update near 5570 again,if could not break

 abv it then may soon trgt 5200 near levels

HAPPY INDEPENDENCE DAY TO ALL

स्वतंत्रता दिवस के अवसर पर आप सभी का अभिनन्दन एवं हार्दिक

 शुभकामनाएँ।

views updated

plz revise sl abv 5605 for shorts near 5572-82 range instead of 5591(upper T/L of channel pattern in black lines

nifty views

a small bearish WW may be developing in 5min charts

pt4 may have been done near 5512

pt 5 may be formed abv 5572

and trgt near 5445-55 range  on monday eod or tuesday morning

Trading advice:

sell nifty today on any upmove abv 5572(in 5572-83 range) with sl abv 5591 or sell if trade below 5510 with days high as sl

trgts 5445-55 range(but exit shorts near 5477 or trail with strict TSL)

below 5440 sustaining may trgt 5410 also next week

cmp 5528ns

i am expecting nifty may show some bounce towards 5700 -5730-5770 in next week from 5445-50 levels

if could not break abv 5770 range on closing basis then may expect another round of downmove will start for near 5050 levels