Nifty view for 28-06-2013

Today nifty move is as expected ie towards 5740...

Will it do 5740 or not is still questionable as there is prevaling negative divergence on 5 mins charts..

Updated counts as follows only for this small upmove..

(a) 5566.90 5666.20 99.30
(b) 5666.20 5579.60 -86.60 -0.872
(c) 5579.60 5740.27 expected at 1.618*(a)

Gap up move means sub subwaves will be subsummed.....

Take subwave as pinch of salt it can be wrong also...
(c).i 5579.60 5662.15 82.55
(c).ii 5662.15 5631.15 -31.00 -0.38*(c).i
(c).iii 5631.15 5699.20* 68.05* 0.82*(c).i so far can do upto 5764 or even more...

(c).iv and (c).v will follow later....

Nifty view for 27-06-2013

As Nifty failed to break divergence on hourly charts, it is safe to switch to corrective labels...

So updated Nifty chart looks like this...

So at 5566.25 Big 'A'/W might ended...

W/A 6229.45 5566.25 662.55
X/B 5566.90 5666.20 -99.30 -0.150*W/A

Now X could have started from 5566.25 which will retrace W.

X.A.b might be in progress...

Subfractals of X.A as follows:
X.A.A 5566.90 5666.20 99.30
X.A.B 5666.20 5579.60* -86.60 -0.872*X.A.A
X.A.C 5579.60 5740.25

X.A.C likely to see upto 5740.25..

X.A.A.a 5566.90 5616.55 49.65
X.A.A.b 5616.55 5570.35 -46.20 -0.931
X.A.A.c 5570.35 5666.20 95.85 1.931

X.A.B.w 5666.20 5598.30 67.90
X.A.B.x 5598.30 5635.05 -36.75 -0.541
X.A.B.y 5635.05 5579.60* 55.45 0.817 so far

X.A.B.y.a 5635.05 5600.60 34.45
X.A.B.y.b 5600.60 5630.30 -29.70 -0.862
X.A.B.y.c 5630.30 5579.60 50.70 1.472

Downside limited to X.A.B.y.c upto 5574.6.....

Nifty view for 24-06-2013

Seems Nifty might turn only seeing sub 5k levels but that is longer course....

Updated counts as follows....

I	6229.45	5936.80	292.65
II	5936.80	6133.75	-196.95
III	6133.75	5616.85	516.90	1.77	*I	so far
III.(i)	6133.75	5869.50	264.25
III.(ii)	5869.50	5972.70	-103.20	-0.39*	III.(i)
III.(iii)	5972.70	5616.85	355.85	1.35*	III.(i)	so far
III.(iii).i	5972.70	5683.10	289.60
III.(iii).ii	5683.10	5863.35	-180.25	-0.62	*III.(iii).i
III.(iii).iii	5863.35	5394.78*	468.57	1.618	*III.(iii).i	expected
III.(iii).ii.W	5683.10	5825.30	-142.20
III.(iii).ii.X	5825.30	5770.35	54.95	-0.39	III.(iii).ii.W
III.(iii).ii.Y	5770.35	5863.35	-93.00	0.65	III.(iii).ii.W
III.(iii).iii.^i^	5863.35	5616.85	246.50
III.(iii).iii.^ii^	5616.85	5686.15	-69.30	-0.28*	III.(iii).iii.^i^
III.(iii).iii.^iii^	5686.15	5287.31*	398.84	1.618*	III.(iii).iii.^i^	expected
III.(iii).iii.^iii^.-i-	5863.35	5778.40	84.95
III.(iii).iii.^iii^.-ii-	5778.40	5828.40	-50.00	-0.59
III.(iii).iii.^iii^.-iii-	5828.40	5684.00	144.40	1.70*	III.(iii).iii.^iii^.-i-
III.(iii).iii.^iii^.-iv-	5684.00	5705.30	-21.30	-0.15*	III.(iii).iii.^iii^.-iii-
III.(iii).iii.^iii^.-v-	5705.30	5616.85	88.45	1.04*	III.(iii).iii.^iii^.-i-

Nifty view for 20-06-2013

Updated counts as follows:

Destination for this downmove expected to be 5435 but how it is derived see below counts and chart....

A/ I 6229.45 5936.80 292.65
B/ II 5936.80 6133.75 -196.95
C/ III 6133.75 5645.00 488.75 1.67 so far

C.(i) 6133.75 5869.50 264.25
C.(ii) 5869.50 5972.70 -103.20 -0.39*C(i)
C.(iii) 5972.70 5683.10 289.60 1.10*C(i)

C.(iv) 5683.10 5863.35 -180.25 -0.62*C.(iii)

C.(iv). W 5683.15 5825.30 142.15
C.(iv).X 5825.30 5770.35 -54.95 -0.39 C.(iv).W
C.(iv).Y 5770.35 5863.35 93.05 0.65 C.(iv).W

C.(v) 5863.35 5435.79 427.56 1.62 C(i) expected as C.(iii) not extended...

C.(v) -i- 5863.35 5778.40 84.95 
C.(v) -ii- 5778.40 5810.25 -31.85 
C.(v) -iii- 5810.25 5646.55* 163.70* 1.93* -i-

Nifty view for 19-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65
II 5936.8 6133.75 -196.95
III 6133.75 5683.10 450.65 1.54*I so far
   
(i) 6133.75 5869.5 264.25
(ii) 5869.5 5972.7 -103.20 -0.39*(i)
(iii) 5972.7 5683.10 289.60 1.10*(i) so far
   
i 5972.7 5683.10 289.60
ii 5683.10 5863.40 -180.3 0.62*i so far
iii might started from 5863.40

Fractals of ii as follows:
W. 5683.15 5825.3 142.15
X. 5825.3 5770.35 -54.95 -0.39*W
Y. 5770.35 5863.4 93.05 0.65*W


W.a 5683.15 5722.1 38.95
W.b 5722.1 5691.05 -31.05 -0.80*W.a
W.c 5691.05 5825.3 134.25 3.45*W.a

X 5825.3 5770.35 -54.95

Y.a 5770.35 5854.6 84.25
Y.b 5854.6 5809.3 -45.3 -0.54*Y.a
Y.c 5809.3 5863.4 54.1 0.64*Y.a

Nifty view for 18-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65
II 5936.8 6133.75 -196.95
III 6133.75 5683.10 450.65 1.54*I so far
   
(i) 6133.75 5869.5 264.25
(ii) 5869.5 5972.7 -103.20 -0.39*(i)
(iii) 5972.7 5683.10 289.60 1.10*(i) so far
   
i 5972.7 5683.10 289.60
ii 5683.10 5854.90* in progress

Fractals of ii as follows:
A: 5683.15 5825.3 142.15

Fractals of A:
A.i: 5683.15 5722.1 38.95
A.ii:5722.1 5691.05 -31.05 -0.80
A.iii:5691.05 5780.15 89.1 2.29
A.iv:5780.15 5763.25 -16.9 -0.19
A.v: 5763.25 5825.3 62.05 1.59
Only A.iii extended.. A.v just short of 1.618 so valid..

B: 5825.3 5770.35 -54.95 -0.38*A

C: 5770.35 5854.90*
Fractals of C:
C.i:5770.35 5829.6 59.25
C.ii:5829.6 5809.15 -20.45 -0.35
C.iii:5809.15 5845.1 35.95 0.61
C.iv:5845.1 5828.65 -16.45 0.80
C.v: 5828.65 5854.90*

T1: 5858 (0.618*A) min to be done....
T3: 5912 (A=C)
T2: 6000 (1.618*A)

Prevailing negative divergence and Rising wedge... C about to end soon

If Ending diagonal overlap already done at 5828.65....
5864.6 is max limit for bulls if ED......

Beyond 5864.6 ED invalid and impulse extension on C.iii...

Nifty view for 17-06-2013

Updated counts as follows...

I 6229.45 5936.8 292.65

II 5936.8 6133.75 -196.95

III 6133.75 5683.10 450.65 1.54*I so far

(i) 6133.75 5869.5 264.25

(ii) 5869.5 5972.7 -103.20 -0.39*(i)

(iii) 5972.7 5683.10 289.60 1.10*(i) so far

i 5972.7 5683.10 289.60

ii 5683.10 5819.40 -136.30 -0.47*i

iii 5819.40 5350.83 468.57 1.62*i

5350 likely to be achieved in coming days......

Nifty view for 12-06-2013

As nifty broke 5862 yesterday and today gapdown confirmed C in play...

Light Green channel shown in 15 mins is guideline for this ABC corrective or Impulse 12345...

Counts from 6229 as follows:

A 6229.45 5936.8 292.65 

B 5936.8 6133.75 -196.95 

C 6133.75 5780.35* 353.40 1.20*A so far

C.i 6133.75 5869.5 264.25 

C.ii 5869.5 5972.7 -103.20 -0.39

c.iii 5972.7

C.iii can do upto 5545.14 in coming days

Nifty view for 05-06-2013

5890 can be support for reversal...

If 3 wave:
X. a 5916.35 5981.60 65.25
X. b 5981.60 5891.42 90.18
X. c 5891.42 5997.00 105.57 1.618* X.a

Fractals of X.b as follows:
a 5981.60 5955.65 25.95
b 5955.65 5975.40 -19.75 -0.76
c.i 5975.40 5948.70 26.70
c.ii 5948.70 5965.55 -16.85 -0.63
c.iii 5965.55 5910.35 55.20 2.06
c.iv 5910.35 5925.60 -15.25
c.v 5925.60 5898.90
Then followed by X.c

If 5 wave:
Then X ended at 5981.6....
Y.a in play

Nifty View for 03-06-13

Nifty move negated expanded flat as it done more than 2.618*a based on my previous post..

So I need to consider another wave from 6132.6...

Standlone counts as follows:

a   6132.6 6032.05 100.55
b   6032.05 6061.2 -29.15

c in play from 6061.2...

Chart shows support around these zone... Nifty can turn around from any of these two lines if (B).C shows(refer thursday post)...

Counts of c:



c.i 6061.20 6020.35 40.85
c.ii 6020.35 6033.25 -12.90 -0.32
c.iii 6033.25 5976.05* 57.20* 1.40


c.iii.-i- 6033.25 6016.00 17.25
c.iii.-ii- 6016.00 6030.60 -14.60
c.iii.-iii- 6030.60 5976.05* 54.55* 3.16 *C.iii.-i-

c.iii.-iii-.^i^ 6030.60 5998.10 32.50
c.iii.-iii-.^ii^ 5998.10 6006.25 -8.15 -0.25
c.iii.-iii-.^iii^ 6006.25 5976.05 30.20 1.75
c.iii.-iii-.^iv^ 5976.05 5986.45 -10.40 -0.34
c.iii.-iii-.^v^ 5986.45 59** in play...

Max for this down move 79.66 ie 5957 at worst case at 4.23*C.iii.-i-...  

Then followed by upmove via C.iii.-iv- and other waves as shown..

If 5967 support broken then based on fibo next  support comes around only 5862...