Hi Friends,
After this Roller Coaster Ride for about 7 Trading Sessions as expected Nifty is again ready to Fly Sky High.
As per our earlier view Nifty completed its 1st leg of Rally at 5124. But later we shifted it towards 5145as that's the only best alternative available. And then Nifty started correcting the Gains in a Roller Coaster Ride as was posted here.
http://trend-o-nomics.
Currently we have 2 alternate Wave Counts.
1. Nifty might still be in its B leg of the Final C of TZZ the Complex Corrective which started in Nov 2010.
After the initial leg 'a' which terminated at 5145 Gaining almost 375 points over 8 Trading Sessions, Nifty started Correcting the Gains in a triangle in 'b' leg which might have been over at 5094. And now it might have started moving upwards in its 'c' leg towards 5365-5435.
2. Nifty might have completed its Complex Correction in Wave A at 5431 & now heading up in its B leg towards 5738-5842. 'a=c' gives minimum target of 5738. But we might keep the options open for 'c' Extension or Failure as the Market Unfolds its legs.
Both the above said views are subject to holding of Friday's Low of 5094 & most importantly 5040. And if this Rally Kick Starts from Monday breaking 5184, no one will be able to Turn Nifty Down before 6th July.
So lets Wait & Watch..
Thanks & Regards,
Harsh Dixit
After this Roller Coaster Ride for about 7 Trading Sessions as expected Nifty is again ready to Fly Sky High.
As per our earlier view Nifty completed its 1st leg of Rally at 5124. But later we shifted it towards 5145as that's the only best alternative available. And then Nifty started correcting the Gains in a Roller Coaster Ride as was posted here.
http://trend-o-nomics.
Currently we have 2 alternate Wave Counts.
 |
| NIFTY |
1. Nifty might still be in its B leg of the Final C of TZZ the Complex Corrective which started in Nov 2010.
After the initial leg 'a' which terminated at 5145 Gaining almost 375 points over 8 Trading Sessions, Nifty started Correcting the Gains in a triangle in 'b' leg which might have been over at 5094. And now it might have started moving upwards in its 'c' leg towards 5365-5435.
 |
| NIFTY |
2. Nifty might have completed its Complex Correction in Wave A at 5431 & now heading up in its B leg towards 5738-5842. 'a=c' gives minimum target of 5738. But we might keep the options open for 'c' Extension or Failure as the Market Unfolds its legs.
Both the above said views are subject to holding of Friday's Low of 5094 & most importantly 5040. And if this Rally Kick Starts from Monday breaking 5184, no one will be able to Turn Nifty Down before 6th July.
So lets Wait & Watch..
Thanks & Regards,
Harsh Dixit
GR8 you r always rght with u r analysis continue with u r work god bless u
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