Tuesday, May 21, 2013

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 ...




 

No comments: