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.....

Nifty view for 22-05-2013

Tomorrow wednesday.... Hrly macd coming to play and divergence need to be seen in this chart to confirm end of this upmove from 5477...
Y.a only over... Y.b doing how much deep it can go cant say exact nos..
Fibo wise it can retrace upto 6069 or 6021 levels...

Divergence need to be seen once nifty goes over 6229 during  Y.c...

60 mins chart shows complete WXY:

If buy issues below zero on hrly then likely Y.C started which need to go above 6230 must...

Y.b started down from 6230 either 5 wave getting over or Y.b itself getting over...

I am inclined to 5 wave getting over ie Y.b.a

So nifty likely to open in the range to 6125-30 tmrw and a small dip just below 6102.35 to complete pattern... Y.b.a will be getting over soon...

Y.b.b will take nifty to levels of 6200-6210 and then followed by Y.b.c again to levels of 6069-6021 levels ...

 

Nifty view for 20-05-2013

Nifty uptrend is not ended... I forgot to notice higher high reading on macd on 15 mins when nifty rose to 6187 levels on 15 mins chart...

A small down move because of expanded flat in play on Monday upto levels of 6130-6140 with stop loss 6204......

Upmove will last minimum upto wednesday... At the end of this pattern negative divergence if exists then it could be end of this big up move from 5477...

Hourly negative divergence exists between W and Y..


Y.a: 5970 6187.5 217.5
Y.b.a: 6187.5 6146.2 -41.3
Y.b.b: 6146.2 6204 57.8
Y.b.c: 6204  (6130 to 6140 or much deeper)
Y.c again above 6204 but >0.618*Y.a

Nifty view for 16-05-2013

Chart is self explanatory... 

During iv macd likely to decline to zero in 7 mins chart (currently at 20)... and a fresh up move to complete pattern... 

Alternatively Expanded flat (Red) or Running flat (Sky blue) in play...

Out of three which will play i dont know... 

Nifty view for 14-05-2013

As expected upmove gets completed at 6115...
Now Nifty started new down wave which can be short term down as daily macd issued sell..
Till daily macd attains zero this downmove will continue (if short term).... Long term can be confirmed as breaching certain levels...

Nifty 3 mins chart shows down move from 6115...
Down move seems extended in iiird so expecting some more downside...

Upmove is currently restricted not beyond 6020-30 levels...
Going above 6030, it can move upto 6066....

But this downmove will likely to test 5640-80 levels in coming days (Back test)

Nifty view for 09-05-2013

As today Nifty opened above 6056, it ruled out expanded flat probalilty...
What else left double zig zag which completed Y.c today...
From tomorrow onwards, Big C so cautious on longs positions..

Big C need to go below 5477 ....

Nifty 12 mins chart shows Y leg standlone...
Negative divergence clearly between legs a and c..

Nifty 30 mins give complete label of B standalone...
Major negative divergence confirmed between W and Y as shown below, Nifty completed Big B today...
If sell issues on 12 mins followed by 30 mins then Big bear C started.,...

Nifty view for 08-05-2013

There are so many counts floating in my mind....

30 mins chart shows if black labels in play already completed wxy.. 6050 is the point of reversal..

Alternatively brown labels in play then short term correction to 5960-5950 then bounce above 6050 to finish abc...

Prevailing negative divergence in 30 mins between a/w and c/y conforms 'B' about to end...

Standalone basis from 5867 if i consider only y, then expanded flat b also probable (6056 need to be protected).. 

In this count b.c can bring nifty upto 5906 at 1.618*a...

If 6056 taken in tmrw bell ruling out expanded flat then Y.c in play which may do it ivth and v th leg as ED (as shown in 30 mins)....

Upmove seems 3wave from 5928....  

Nifty view for 07-05-2013

Nifty 3 mins chart posted positive divergence and down move ended at 5928.45....

Two alternative labels which can be possible but both gives up move likely to end soon...

Negative divergence likely we will get 15 mins mostly by Wednesday but price need to go above 6019.45 once for that top off to occur...

EW labels are subjective, i am posting both...

My original labels:

Alternate labels:
Y can be 5 wave as W seems 5 wave...

Actually 3 mins is appropriate time frame but i posting 5 mins..

Nifty view for 06-05-2013

Tomorrow critical zones to be watched:
5868 Shown in Green colour...
6019.45 shown in Red colur....
5930 prior low...

Probabilty 1:
Tomorrow nifty might take support at 5930, 6019.45 will be taken off to complete pattern Y.c which will mark the end of Big B...

Probabilty 2:
5930 support broken means, light blue channel line to be watched 5920-5910 which may reverse from this zone... Y.c.b might end in range 5920-10... then Y.c.c might go above 6019.45 once

Positive divergence suggest me probabilty 1 in lower time frame likely to occur...

If any case 5868 broken means game over, retracement of 5477- 6019.45* started or Big C started....  

Nifty 5 mins:
Violet or orange likely to play..  Note : Both case should hold 5868....

Short term view:

Nifty view for 03-05-2013

Now time to be cautious, up move likely to end soon (mostly in next 2 days) as Nifty is moving up with negative divergence....

Y.c is not yet ended there is negative divergence missing...

If yellow line shown in 3mins chart is broken first without taking out 6019.45,  then retracement shown in violet likely to occur upto 5910-50... Rise above 6019.45 will follow after that to complete pattern....

What if it goes above 6019.45 without breaking it.. then Y.C.c in play... Y.c.b might be just time wise correction.. Break below 5992 will confirm Y.C ended....