Wednesday, May 8, 2013

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.,...



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