Nifty View for 01-04-2013

I should accept my mistake.. I was pre-assuming Y.a.iii wave was ended indeed it was Y.a.iii.v wave....
Now Y.a.iv in progress likely to touch shown channels or will do time pass....

Y.a.iv can be any form but it should be complex as Y.a.ii was simple....

Y.a.iv forms probably triangle or complex corrective... Let market decide which form it takes...

After end of Y.a.iv, Nifty likely to decline 160 pts.. So be prepared for it....

Nifty View for 28-03-2013

No change in labels except small updation:
If 5598 is protected, Nifty likely to do 5718.40 to 5752 in coming days...

iv.a: 5631.80 5718.40 86.60
iv.b: 5718.40 5612.05 106.35 -1.23*a
iv.c: likely to do min 5718.40+ to 5752

After completion of ivth Nifty once again will dip below 5612.05 via Vth wave

Nifty View for 26-03-2013

Today nifty downward after 2.00 pm is little surprising...
As market is always right, as it broken prior low then market confirms our labels are wrong...

Bullish labels with C wave got ruled out.

So going with bearish labels..

iv.a: 5631.80 5718.40 86.60
iv.b: 5718.40 5624.40* -94.00 -1.08*a  (already ended) (might not go below 5598)
iv.c: likely to do min 5718.40+ or 140pts from end of iv.b

After completion of ivth Nifty once again will dip below 5624.4...

Nifty view for 25-03-2013

Nifty opened inline with expectation "So a small rise to overlap with 5674 but not above 5698 and then dip below 5647.95 likely.."

And made a bottom at 5631.80....

As positive divergence is evident (shown in 15 mins chart) and macd attempted above zero, nifty might done the bottom...

Move from 5631.80 to 5691.45 appears as impulse...  Move from 5691.45 to 5640.6  though retraced greater than 80% looks  labels are questionable...

So cautious is required till nifty crosses 5691.45 on Monday...

Nifty view for 22-03-2013

Yesterday Nifty had two probabilities, one bullish view and other one bearish view

As Nifty failed to overlap with 5813 (as expected)  and made new low, Ending diagonal probability ruled out and resulted in triple zigzag....

Nifty 12 min chart shows positive divergence between Y and Z....

Seeing Z wave alone in 1 min chart , it appears this down move (last fractal of Z.c) not ended...
So a small rise to overlap with 5674 but not above 5698 and then dip below 5647.95 likely...

I pre assumed  Nifty doing expanded flat in B.b, so Nifty should not go below 5545 at worst case (though it wont do based on fractals appearing as of now)...

Sustaining Nifty above 5720 B.b might ended and B.c which should do min 5971+....

So tomorrow first half could be the end of this B.b wave and next week onwards B.C bullish view likely....

Note: Nifty should hold positive divergence in both 12 mins and 15 mins chart to conform above view in play...

Nifty View for 21-03-2013

Nifty todays move has opened two probabilities.....

Bullish probabilty:
Nifty 3 mins chart shows positive divergence between Y.a and Y.c... B.b might have ended. B.c will take upto 5971++....
Breach of 5770 confirms downmove temporarily ended and bounce can take to levels of 5815 and 5863 even 5971++..

Bearish probabilty:
Nifty doing ending diagonal from 5945...

i 5954.45 5815.20 139.25
ii 5815.20 5862.90 -47.70
iii 5862.90 5682.30 180.60 1.30*i
iv 5682.30 58** (5815.20 will be breached if ending diagonal in play)..

Nifty View for 19-03-2013

Nifty expected to be sell on rises till the required positive divergence between Y.a and Y.c or C.iii and C.v....

As the down move appears as 3 wave and there are three probabilities:

1) If corrective X in play from 5814.35-5850.2*, Nifty might make a tick above 5850.2 to complete patter and it will start heading for Y.a (5 wave)..... Overlap with 5861 may or may not occur....

Y in total will do as equal to W (131.3 pts) or 1.618*W (212 pts) 

2) Ending diagonal in play: 

C.sw1: 5945.65- 5814.35  =131.3

C.sw2: 5814.35-5850.2* = 35.85* {0.27*C.sw1}

(seems incomplete Nifty might make a tick above 5850.2 to complete pattern)

5861 may or may not breach... Gap may remain unfilled till completion of this C wave.

C.Sw3 can do 81 pts to 212 pts...

3) Corrective (a) over. (b) in progress which should overlap with 5861 must and can go upto 5907... 

So Nifty will be bearish for the next two days... 

Nifty View for 18-03-2013

Nifty opened and continued journey up to resistance line 5944 and didn't sustained above it...
2 min divergence for the move from 5791-5944 was continuously occurring could have confused for some period...

Expected B.c started from 5945.65 which likely to go below 5791.75 in coming days to complete the pattern...

Monday Nifty likely to head upto 5910-20 levels but not greater than 5945.65, from there nifty likely to fall 84-136 pts in next 2 sessions....

Nifty View for 15-03-2013

Nifty expected to open inline with expectation just above 5864 and dipped to overlap zone and taken support line 5802 was broken too....

The support broken along with negation of divergence on 3 mins which this down move not ended..

Intraday spike seems a trap for bulls...
Resistance on higher side seen at 5944...

Nifty 7 mins chart shows overall picture of B.b from 5971.... Lower low along with raise above zero along with sell eod... Nifty will show positive divergence once goes below 5791..

Nifty 2 mins chart gives negative divergence....

Sell on rises as long as resistance 5944 holds... Sustaining above 5944, labels need to be reanalysed....

Nifty View for 14-03-2013

Nifty playing B wave confirmed as expected so far...
Certain conditions says nifty doing Double Zig Zag
And Nifty is tail end of B assuming all divergence will hold (If not B may subdivide as B.a,B.b,B.c)
Nifty 20 mins chart gives the bewo view from 5663....
Divergence appearing in 5 mins chart (No zero touch) from start of B from 5971....
Key divergence appears in 3 mins between Y.a and Y.c(incomplete Y.c)
Nifty Y.c seems incomplete as no positive divergence appears in 1 min chart (Wrong time frame i chose as i need to see one min chart after 9.45 am)...
If positive divergence appears 1 min chart that could be likely end of Y.c...

Morning one can expect a rise to 5862+ but less than 5869....
Then a dip below 5842.25- likely which will do overlap 5828.65 but not below 5801....
If 5801 survives then 5971 can be attempted again....

Nifty View for 13-03-2013

Today nifty ticked below 5905 and ruled out the expanded flat provability which was estimated to end by approx 5917-20..
Now breach of 5905 has made to me the following labels:
A: 5663-5971.2 :
B in progress from 5971.2

Fractals of B:

w/a: 5971.20 5893.70 77.50
x/b:  5893.70 5944.00 -50.30 -0.65*a
y/c: 5944.00 58xx

Positive divergence we will get between end of B.y.a  and B.y.c might be in 5 mins chart...
So dip below 5893.7 minimum likely...
This downmove support comes around red line (5804)....

Nifty View for 12-03-2013

Today Nifty taken 5970 stop loss.. hence as second wave, this upmove should not go above 6111.80..

Nifty 60 mins chart gives the overall picture from 6111.80.....

Nifty 12 min chart gives the overall view from 5663, negative divergence likely we will get y.a. and y.c...

Nifty 7 min chart gives the overall view of Y from 5802 levels....

Nifty 3 min chart gives the view from Y.C from 5892.05 levels.... If 3 mins issues buy and stay above zero,  Y.c.iii likely to start....

Tomorrow nifty likely to get support around 5910-20 levels and bounce above 5972+ likely... The above view getting invalid below 5892.05...

Nifty View for 11-03-2013

Nifty momentum is not given up till today. A new high above 5952 likely answer lies in 1 min chart.

Negative divergence on 1 min about to appear for the move from 5920 once nifty goes above 5952 (seems 4th wave in progress; 5th about to occur which eventually give divergence).

One degree higher (ie. A.y) negative divergence is visible in 3 mins for this wave from 5802.75.. (ie between Y.a and Y.c)

One degree higher 12 mins (ie move from 5663) which posted higher reading (which generally occurs during 'A' in ABC wave) . So nifty might be doing A in progress..

Hourly chart posted extreme reading implies (B).A in progress... (B).B and  (B).C will come in this (B) wave.. Range bound between 6112-5663 likely for the next two weeks.. 

Critical level to be watched 5970.35 during upmove is prior as mentioned by WWji.. If this level taken out Zig Zag probabilty questionable.. 

Nifty View for 08-03-2013

As Nifty took 5836 expanded flat ruled out.. Panic buying by bears after 5849.9 taken out which negated divergence upto 10 mins time frame...
Now the form is unclear to say where it is heading.. Tomorrow session will give the clue..

Till Nifty does not post negative divergence this uptrend is intact....

Nifty View for 07-03-2013

Counts of Y.b as follows:

a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5828.7*  126.5* so far done 2.513*a  (can do Max 5836 @ 2.618*a)...

Y.c expected to do 130 pts to 210 pts  from end of Y.b but will do min 5663.6...

Beyond 5837, counts need to be relooked...

Expected negative divergence still not convincingly occurred to confirm this upmove ended...

Back test of yellow line on 30 mins/light green line on 60 mins will occur tomorrow approx 5740-5760 before further upmove...

Failure to stay above yellow line on 30 mins/light green line on 60 mins confirms this upmove ended...

Negative divergence on 7 mins chart will occur as shown (will dip tomorrow approx 5740-5760 and after that a rise is due upto today high so that divergence can be generated)... 

Break of pink line on 7 mins chart confirm this upmove halted temporarily and dip is likely tmrw....

   

Nifty View for 06-03-2013

Expected Impulse labels invalidated once 5739.45 was taken out and overlap with 5749.7 confirmed zig zag in play...

Either the expanded flat b already ended or about to end soon ....

When 5 mins macd posts negative divergence, which confirms this upmove ended and nifty will start downward journey....

Counts of Y.b as follows:

a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5790.10*  126.5* so far done 1.925*a  (can do Max 5836 @ 2.618*a)...

Y.c expected to do 130 pts to 210 pts  from end of Y.b but will do min 5663.6... 

MACD on 20 mins / 30 mins whichever applicable will post positive divergence at end of Y.c

Nifty View for 05-03-2013

Today Nifty gap down move and didn't filled throughout the day completely has created impulse lables getting weightage more and also during the up move it didn't overlapped (5749.7 & 5739.45)...which confirms option b in play.... if 5749.7 overlapped by somehow then option a ruled out....

But alternatively if today down move is expanded flat so keeping option a as alternative... If option a is in play Nifty need to overlap at 5749.7 which is must...

Now 15mins chart macd has probability to give positive divergence when nifty dips below todays low 5663.60... So next downmove could be the end of this C.iii (if impulse) and C.y.c (if corrective)

If option a in play, Nifty has potential to fall upto 5530....

If option b in play, Nifty has potential to raise upto 5670...
counts as follows
a: 5673.60 5739.30 65.70
b: 5739.30 5663.60 -75.70
c: 5663.60 5769.90 106.30

Nifty View for 04-03-2013

Out of two probabilities posted on Thursday, Nifty did not invalidated any of the two probabilities..

a) Double zig zag pattern is getting invalid above 5849.9 .... why? Start of X will not be taken out by Y... 

b) Impulse extension is ruled out above 5748.6... why? In third wave, fourth wave wont do overlap with first wave...

Monday might be expected in the range 5673-5769...

Option a:

And this small b assuming option a playing out..

counts projected could be as below

(a)    5673.60 5728.10 54.50

(b).a    5728.10 5691.80 36.30

(b).b    5691.80 5739.45 -47.65 -1.31*(b).a

(b).c    5739.45 5680.71* 58.73

(c)    5680.71* 5768.89* 88.18

Option b:

If it is wave iv (abc) might already ended at 5739.45.. c wave appears as 3-wave which forces to think as ascending triangle view..

(a)   5673.60 5728.10 54.50

(b)   5728.10 5691.80 36.30

(c)   5691.80 5739.45 -47.65

(d)   5739.45 5691.80*  (should not go below 5691.8 start of b)....

(e) should go above 5739.45 but not above 5849.9....