Nifty view for 23-07-2013

Nifty completed Big B which was earlier expected to raise upto blue line but decreasing momentum confirms that turnaround began...

Inverted hammer formed on daily charts today...

Again below 5,566.25 likely in coming days....

...

Nifty view for 16-07-2013

Updated chart as follows:

As lower time frames shows negative divergence, it seems as expanded flat in play which can do make nifty to decline in the range 5960 to 5936......

A small wolfe suggests the same view....

Nifty view for 10-07-2013

Nifty still playing its corrective B of 6229-5566.....

Out of two probabilities, one might be in play.. Too difficult to say which one is playing at this point of time...

Nifty view for 08-07-2013

Currently Nifty is retracing the down move 6229-5566 as wave B. Earlier i was of opinion as the momentum is slow i am inclining as ABC rather than WXY...

Updated counts as follows:

A: 6229.45 5566.25 663.20

B: 5566.25 5904.35 -338.10 -0.510 *A so far

Sub wave of B as follows:

B.a. 5566.25 5904.35 338.10
B.b.a 5904.35 5760.55 -143.80
B.b.b 5760.55 Max 5960 at worst case 

Then B.b.c will take to rising green line as shown in coming days then B.c will follow.....

Nifty view for 03-07-2013

Down move so far not started as impulse mode... 
Lower low confirms more lows ahead but... 
w/(a).y.c is doing might end in the first half i guess... 
once danger line taken out... (b) might be in play which can take to max resistance line.. if x in play might just overlap with (a).w....


Then (c)/y will take once again below (a)/w

Nifty view for 02-07-2013

Trap upmove X about to end soon or already ended..

Updated counts as follows:

W 6229.45 5566.25 663.20
X 5566.25 5904.35* -338.10 -0.510*W  so far

X.a 5566.25 5666.25 100.00
X.b 5666.25 5570.25 -96.00 -0.960*X.a
X.c 5570.25 5904.35 334.10 3.341*X.a so far...

Rising wedge along with negative sling on macd confirms X probably might ended...

Sell on hrly macd will confirm that by tmrw...

Y will do min as much as X ie just a tick below 5566.25 in coming days.....

Nifty view for 28-06-2013

Today nifty move is as expected ie towards 5740...

Will it do 5740 or not is still questionable as there is prevaling negative divergence on 5 mins charts..

Updated counts as follows only for this small upmove..

(a) 5566.90 5666.20 99.30
(b) 5666.20 5579.60 -86.60 -0.872
(c) 5579.60 5740.27 expected at 1.618*(a)

Gap up move means sub subwaves will be subsummed.....

Take subwave as pinch of salt it can be wrong also...
(c).i 5579.60 5662.15 82.55
(c).ii 5662.15 5631.15 -31.00 -0.38*(c).i
(c).iii 5631.15 5699.20* 68.05* 0.82*(c).i so far can do upto 5764 or even more...

(c).iv and (c).v will follow later....

Nifty view for 27-06-2013

As Nifty failed to break divergence on hourly charts, it is safe to switch to corrective labels...

So updated Nifty chart looks like this...

So at 5566.25 Big 'A'/W might ended...

W/A 6229.45 5566.25 662.55
X/B 5566.90 5666.20 -99.30 -0.150*W/A

Now X could have started from 5566.25 which will retrace W.

X.A.b might be in progress...

Subfractals of X.A as follows:
X.A.A 5566.90 5666.20 99.30
X.A.B 5666.20 5579.60* -86.60 -0.872*X.A.A
X.A.C 5579.60 5740.25

X.A.C likely to see upto 5740.25..

X.A.A.a 5566.90 5616.55 49.65
X.A.A.b 5616.55 5570.35 -46.20 -0.931
X.A.A.c 5570.35 5666.20 95.85 1.931

X.A.B.w 5666.20 5598.30 67.90
X.A.B.x 5598.30 5635.05 -36.75 -0.541
X.A.B.y 5635.05 5579.60* 55.45 0.817 so far

X.A.B.y.a 5635.05 5600.60 34.45
X.A.B.y.b 5600.60 5630.30 -29.70 -0.862
X.A.B.y.c 5630.30 5579.60 50.70 1.472

Downside limited to X.A.B.y.c upto 5574.6.....

Nifty view for 24-06-2013

Seems Nifty might turn only seeing sub 5k levels but that is longer course....

Updated counts as follows....

I	6229.45	5936.80	292.65
II	5936.80	6133.75	-196.95
III	6133.75	5616.85	516.90	1.77	*I	so far
III.(i)	6133.75	5869.50	264.25
III.(ii)	5869.50	5972.70	-103.20	-0.39*	III.(i)
III.(iii)	5972.70	5616.85	355.85	1.35*	III.(i)	so far
III.(iii).i	5972.70	5683.10	289.60
III.(iii).ii	5683.10	5863.35	-180.25	-0.62	*III.(iii).i
III.(iii).iii	5863.35	5394.78*	468.57	1.618	*III.(iii).i	expected
III.(iii).ii.W	5683.10	5825.30	-142.20
III.(iii).ii.X	5825.30	5770.35	54.95	-0.39	III.(iii).ii.W
III.(iii).ii.Y	5770.35	5863.35	-93.00	0.65	III.(iii).ii.W
III.(iii).iii.^i^	5863.35	5616.85	246.50
III.(iii).iii.^ii^	5616.85	5686.15	-69.30	-0.28*	III.(iii).iii.^i^
III.(iii).iii.^iii^	5686.15	5287.31*	398.84	1.618*	III.(iii).iii.^i^	expected
III.(iii).iii.^iii^.-i-	5863.35	5778.40	84.95
III.(iii).iii.^iii^.-ii-	5778.40	5828.40	-50.00	-0.59
III.(iii).iii.^iii^.-iii-	5828.40	5684.00	144.40	1.70*	III.(iii).iii.^iii^.-i-
III.(iii).iii.^iii^.-iv-	5684.00	5705.30	-21.30	-0.15*	III.(iii).iii.^iii^.-iii-
III.(iii).iii.^iii^.-v-	5705.30	5616.85	88.45	1.04*	III.(iii).iii.^iii^.-i-

Nifty view for 20-06-2013

Updated counts as follows:

Destination for this downmove expected to be 5435 but how it is derived see below counts and chart....

A/ I 6229.45 5936.80 292.65
B/ II 5936.80 6133.75 -196.95
C/ III 6133.75 5645.00 488.75 1.67 so far

C.(i) 6133.75 5869.50 264.25
C.(ii) 5869.50 5972.70 -103.20 -0.39*C(i)
C.(iii) 5972.70 5683.10 289.60 1.10*C(i)

C.(iv) 5683.10 5863.35 -180.25 -0.62*C.(iii)

C.(iv). W 5683.15 5825.30 142.15
C.(iv).X 5825.30 5770.35 -54.95 -0.39 C.(iv).W
C.(iv).Y 5770.35 5863.35 93.05 0.65 C.(iv).W

C.(v) 5863.35 5435.79 427.56 1.62 C(i) expected as C.(iii) not extended...

C.(v) -i- 5863.35 5778.40 84.95 
C.(v) -ii- 5778.40 5810.25 -31.85 
C.(v) -iii- 5810.25 5646.55* 163.70* 1.93* -i-

Nifty view for 19-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65
II 5936.8 6133.75 -196.95
III 6133.75 5683.10 450.65 1.54*I so far
   
(i) 6133.75 5869.5 264.25
(ii) 5869.5 5972.7 -103.20 -0.39*(i)
(iii) 5972.7 5683.10 289.60 1.10*(i) so far
   
i 5972.7 5683.10 289.60
ii 5683.10 5863.40 -180.3 0.62*i so far
iii might started from 5863.40

Fractals of ii as follows:
W. 5683.15 5825.3 142.15
X. 5825.3 5770.35 -54.95 -0.39*W
Y. 5770.35 5863.4 93.05 0.65*W


W.a 5683.15 5722.1 38.95
W.b 5722.1 5691.05 -31.05 -0.80*W.a
W.c 5691.05 5825.3 134.25 3.45*W.a

X 5825.3 5770.35 -54.95

Y.a 5770.35 5854.6 84.25
Y.b 5854.6 5809.3 -45.3 -0.54*Y.a
Y.c 5809.3 5863.4 54.1 0.64*Y.a

Nifty view for 18-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65
II 5936.8 6133.75 -196.95
III 6133.75 5683.10 450.65 1.54*I so far
   
(i) 6133.75 5869.5 264.25
(ii) 5869.5 5972.7 -103.20 -0.39*(i)
(iii) 5972.7 5683.10 289.60 1.10*(i) so far
   
i 5972.7 5683.10 289.60
ii 5683.10 5854.90* in progress

Fractals of ii as follows:
A: 5683.15 5825.3 142.15

Fractals of A:
A.i: 5683.15 5722.1 38.95
A.ii:5722.1 5691.05 -31.05 -0.80
A.iii:5691.05 5780.15 89.1 2.29
A.iv:5780.15 5763.25 -16.9 -0.19
A.v: 5763.25 5825.3 62.05 1.59
Only A.iii extended.. A.v just short of 1.618 so valid..

B: 5825.3 5770.35 -54.95 -0.38*A

C: 5770.35 5854.90*
Fractals of C:
C.i:5770.35 5829.6 59.25
C.ii:5829.6 5809.15 -20.45 -0.35
C.iii:5809.15 5845.1 35.95 0.61
C.iv:5845.1 5828.65 -16.45 0.80
C.v: 5828.65 5854.90*

T1: 5858 (0.618*A) min to be done....
T3: 5912 (A=C)
T2: 6000 (1.618*A)

Prevailing negative divergence and Rising wedge... C about to end soon

If Ending diagonal overlap already done at 5828.65....
5864.6 is max limit for bulls if ED......

Beyond 5864.6 ED invalid and impulse extension on C.iii...

Nifty view for 17-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65

II 5936.8 6133.75 -196.95

III 6133.75 5683.10 450.65 1.54*I so far

(i) 6133.75 5869.5 264.25

(ii) 5869.5 5972.7 -103.20 -0.39*(i)

(iii) 5972.7 5683.10 289.60 1.10*(i) so far

i 5972.7 5683.10 289.60

ii 5683.10 5819.40 -136.30 -0.47*i

iii 5819.40 5350.83 468.57 1.62*i

5350 likely to be achieved in coming days......

Nifty view for 12-06-2013

As nifty broke 5862 yesterday and today gapdown confirmed C in play...

Light Green channel shown in 15 mins is guideline for this ABC corrective or Impulse 12345...

Counts from 6229 as follows:

A 6229.45 5936.8 292.65 

B 5936.8 6133.75 -196.95 

C 6133.75 5780.35* 353.40 1.20*A so far

C.i 6133.75 5869.5 264.25 

C.ii 5869.5 5972.7 -103.20 -0.39

c.iii 5972.7

C.iii can do upto 5545.14 in coming days

Nifty view for 05-06-2013

5890 can be support for reversal...

If 3 wave:
X. a 5916.35 5981.60 65.25
X. b 5981.60 5891.42 90.18
X. c 5891.42 5997.00 105.57 1.618* X.a

Fractals of X.b as follows:
a 5981.60 5955.65 25.95
b 5955.65 5975.40 -19.75 -0.76
c.i 5975.40 5948.70 26.70
c.ii 5948.70 5965.55 -16.85 -0.63
c.iii 5965.55 5910.35 55.20 2.06
c.iv 5910.35 5925.60 -15.25
c.v 5925.60 5898.90
Then followed by X.c

If 5 wave:
Then X ended at 5981.6....
Y.a in play

Nifty View for 03-06-13

Nifty move negated expanded flat as it done more than 2.618*a based on my previous post..

So I need to consider another wave from 6132.6...

Standlone counts as follows:

a   6132.6 6032.05 100.55
b   6032.05 6061.2 -29.15

c in play from 6061.2...

Chart shows support around these zone... Nifty can turn around from any of these two lines if (B).C shows(refer thursday post)...

Counts of c:



c.i 6061.20 6020.35 40.85
c.ii 6020.35 6033.25 -12.90 -0.32
c.iii 6033.25 5976.05* 57.20* 1.40


c.iii.-i- 6033.25 6016.00 17.25
c.iii.-ii- 6016.00 6030.60 -14.60
c.iii.-iii- 6030.60 5976.05* 54.55* 3.16 *C.iii.-i-

c.iii.-iii-.^i^ 6030.60 5998.10 32.50
c.iii.-iii-.^ii^ 5998.10 6006.25 -8.15 -0.25
c.iii.-iii-.^iii^ 6006.25 5976.05 30.20 1.75
c.iii.-iii-.^iv^ 5976.05 5986.45 -10.40 -0.34
c.iii.-iii-.^v^ 5986.45 59** in play...

Max for this down move 79.66 ie 5957 at worst case at 4.23*C.iii.-i-...  

Then followed by upmove via C.iii.-iv- and other waves as shown..

If 5967 support broken then based on fibo next  support comes around only 5862... 

Nifty View for 31-05-13

Unexpected gap down spoiled the pattern and price tick prior high 6127 invalidated the labels of impulse down....

What is Nifty doing....

Bigger view:

BIG (A) (B) (C):

Only (B) alone:

Counts are as follows:

A 6127.2 6069.85 57.35
B.a 6069.85 6113.7 43.85
B.b 6113.7 6072.15 -41.55 -0.94*a
B.c 6072.15

Can do max 6149.08 when 1.382 *A..


B.c.i 6072.15 6103.3 31.15
B.c.ii 6103.3 6081.8 -21.5 -0.69*B.c.i
B.c.iii 6081.8 6132.6 50.8 1.63*B.c.iii

B.c.iii.i 6081.8 6101.6 19.8
B.c.iii.ii 6101.6 6089.3 -12.3
B.c.iii.iii 6089.3 6111.25 21.95 1.10*B.c.iii.i
B.c.iii.iv 6111.25 6088.9 -22.35
B.c.iii.v 6088.9 6132.6 43.7 2.20*B.c.iii.i

B.c.iv 6132.6 6113.7*  in play...


Upmove is restricted to levels of 6149.08 when 1.382 *A..
Allow +/- 5 pts as tolerance from 6149.08 so 6154...

After completing this pattern Nifty likely to do C which will take to levels of 5998-6056 in coming days....

Nifty view for 30-05-2013

Big B ended at 6127...
C started from 6127 which is likely to take slowly below 5936 in coming days...

C wave yet to unfold so i am posting only few charts...

Counts are as follows:
A.i 6126.25 6103.20 23.05
A.ii 6103.20 6122.10 -18.90 -0.82*A.i
A.iii 6122.10 6083.50 38.60 1.67*A.i
A.iv 6083.50 6105.60 -22.10 -0.57
A.v 6105.60 6077.45 28.15 1.22*A.i

B.a 6077.45 6098.20 -20.75
B.b 6098.20 6069.85 28.35 -1.37*B.a
B.c 6069.85 6113.70 -43.85 2.11*B.a


B.c.i 6069.85 6089.85 20.00
B.c.ii 6089.85 6074.45 -15.40 -0.77*B.c.i
B.c.iii 6074.45 6113.70 39.25 1.96*B.c.i
B.c.iii.i 6074.45 6093.30 18.85
B.c.iii.ii 6093.30 6078.95 -14.35
B.c.iii.iii 6078.95 6113.70 34.75 -2.42*B.c.iii.i
B.c.iii.iv 6113.70 6096.25 -17.45

Max limit 6124.17 at worst case...

Which will be followed by C.....

Nifty view for 29-05-2013

As expected Nifty moved up and made divergence in 5 mins with sell but problem here is whether ended or not... So certain levels need to be taken out to confirm the upmove is ended and C has begun...
That level is 6070.9... Below which  C down move started...

Larger degree counts... :
Hrly sell yet to issue.. If issues C can be confirmed...

Sell issued on 15 mins already issued...

Upmove from 5940 to 6129...
Sell issued with negative divergence on 5mins.... 

Last wave ended or not from 6056.2...
One more high seems pending or could truncate...

Counts from 5936 Big B as follows:

a 5936.85 6006 69.15
b 6006 5967.55 -38.45 -0.55*a
c 5967.55 6127.25* 159.7* 2.30*a so far

c.i     5967.55 6033.5 65.95
c.ii      6033.5 6012.35 -21.15 -0.32*c.i
c.iii      6012.35 6099.4 87.05 1.31*c.i
c.iv.a     6099.4 6069.6 -29.8
c.iv.b 6069.6 6111.2 41.6 -1.39*c.iv.a
c.iv.c 6111.2 6056.2 -55 1.84*c.iv.a
c.v      6056.2 6127.25* 71.05* 1.07*a so far


c.v.i   6056.20 6085.70 29.50
c.v.ii    6085.70 6070.90 -14.80 -0.50*c.v.i
c.v.iii    6070.90 6127.20 56.30 1.91*c.v.i
c.v.iv  6127.20 6089.85 -37.35 -0.66*c.v.iii
c.v.v  6089.85 6126.25* 36.40* 6137.5 max


c.v.v.i 6089.85 6105.20 15.35
c.v.v.ii 6105.20 6096.15 -9.05
c.v.v.iii 6096.15 6126.25 30.10 1.96*c.v.v.i
c.v.v.iv 6126.25 6103.25 -23.00
c.v.v.v 6103.25 6114.15* 10.90* 6128 max

Upmove seems max restricted to 6128 max just 1 pt above current high...

Nifty view for 28-05-2013

Many a times c always extends beyond 1.618*a and channels are seems as impulse forced me to change to impulse labels but todays move has invalidated iv and v not appeared so we need to switch to abc labels..

Up move seems a trap wave for bulls so i call it as X... X seems not ended one more high above 6100 and then  Y likely to follow...

Fractals A:
W 6229.45 5936.8 292.65
X 5936.8 6099.9 -163.1 -0.55*W

Fractals W:
W.a 6229.45 6119.85 109.60
W.b 6119.85 6179.45 -59.60 -0.54*a
W.c 6179.45 5936.80 242.65 2.21*a

Fractals X:
X.a 5936.85 6006 69.15
X.b 6006 5967.55 -38.45 -0.55
X.c 5967.55 6099.9* 132.35* 1.91*a

WXY labels can be changed to ABC if overlaps with 6119.85....

Nifty view for 27-05-2013

Nifty is likely to complete Big A within this expiry and counts are as follows:

w1 6229.45 6119.85 109.60
w2 6119.85 6179.45 -59.60 -0.54*w1
w3 6179.45 5936.85* 242.60 2.21*w1 so far
 
w3.sw1 6179.45 6103.10 76.35
w3.sw2 6103.10 6138.35 -35.25 -0.46*sw1
w3.sw3 6138.35 5936.85 201.50 2.64*sw1
w3.sw4 5936.85 6006.00 -69.15 -0.34*sw3

sw3.1 6138.35 6074.55 63.80
sw3.2 6074.55 6103.65 -29.10 -0.46*sw3.1
sw3.3 6103.65 5972.55 131.10 2.05*sw3.1
sw3.4 5972.55 6015.20 -42.65 -0.33*sw3.3
sw3.5 6015.20 5936.85 78.35 1.23*sw3.1

sw3.4.a 5972.55 6009.75 -37.20
sw3.4.b 6009.75 5955.70 54.05
sw3.4.c 5955.70 6015.20 -59.50 

Nifty likely to open gap down and can head to levels of 5930 but not below 5882 on Monday to complete sw3.5....

After that triangle or complex corrective will take again above 6030 levels as sw4 might before expiry day...

Nifty view for 24-05-2013

Nifty today move is bit surprising as it went below 6020 and also breached 5970 levels..
Whether Big C3 began or not... we will come to know in coming days...

Coming to move from 6230 to present level...

c is subdividing but not ended... yet to show its c.iv and c.vth leg...

Counts are as follows:

Fractals of Big A:
a/i 6229.45 6119.85 109.6
b/ii 6119.85 6179.45 -59.6
c/iii 6179.45 5955.7 223.75 2.04*a

Fractals of c/iii:
c.1 6179.45 6103.1 76.35
c.2 6103.1 6138.35 -35.25
c.3 6138.35 5955.7 182.65 2.39*c.1

Fractals of c.3.1:
c.3.1 6138.35 6074.55 63.8
c.3.2 6074.55 6103.65 -29.1
c.3.3 6103.65 5972.55 131.1 2.05*c.3.1
c.3.4 5972.55 6009.75 -37.2 -0.28*c.3.3
c.3.5 6009.75 5955.7 54.05

Tomorrow nifty likely to head projected levels as c.4 from 6025 to 6068 levels anywhere...
After completion of c.4, c.5 will give min 109 pts to 176 pts....

Chart of Big A:

Chart of c/iii:

 Chart of c.3:
Positive divergence between c.3.iv and c.3.v.. so next c.4 begins

Nifty view for 23-05-2013

Nifty opened as expected but pattern played which i did not expected though i mentioned as alternative view as less preference...

3x3x5 flat Y.b in play....

Then Y.c likely to take above 6230+ to complete pattern....

Complete WXY from 5477 is given below...
Y.b is moving in a parallel line...


Y alone in 15 mins chart from 5970...
At end of end of Y.c likely we will get divergence between Y.a and Y.c in 15 mins chart...

Y.b alone in 5 mins chart...
Already having positive divergence...
Y.b.c likely to end soon might be before eod tmrw... 
Y.b.c.iii in play might ended.. Mkt will tell us tmrw whether ended or not..
Y.b.c.iv and Y.b.c.v yet to show... 

If iv and v not shown means  then Zigzag.. retracement may not cross 6180 levels..  

Y.b.c in 2 mins chart....

Above 6125 Y.b.c.iv invalidated..

Above 6140 Zigzag in play or Y.C in play.....