Thursday, May 23, 2013

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


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