Nifty view for 23-07-2013

Nifty completed Big B which was earlier expected to raise upto blue line but decreasing momentum confirms that turnaround began...

Inverted hammer formed on daily charts today...

Again below 5,566.25 likely in coming days....

...

Nifty view for 16-07-2013

Updated chart as follows:

As lower time frames shows negative divergence, it seems as expanded flat in play which can do make nifty to decline in the range 5960 to 5936......

A small wolfe suggests the same view....

Nifty view for 10-07-2013

Nifty still playing its corrective B of 6229-5566.....

Out of two probabilities, one might be in play.. Too difficult to say which one is playing at this point of time...

Nifty view for 08-07-2013

Currently Nifty is retracing the down move 6229-5566 as wave B. Earlier i was of opinion as the momentum is slow i am inclining as ABC rather than WXY...

Updated counts as follows:

A: 6229.45 5566.25 663.20

B: 5566.25 5904.35 -338.10 -0.510 *A so far

Sub wave of B as follows:

B.a. 5566.25 5904.35 338.10
B.b.a 5904.35 5760.55 -143.80
B.b.b 5760.55 Max 5960 at worst case 

Then B.b.c will take to rising green line as shown in coming days then B.c will follow.....

Nifty view for 03-07-2013

Down move so far not started as impulse mode... 
Lower low confirms more lows ahead but... 
w/(a).y.c is doing might end in the first half i guess... 
once danger line taken out... (b) might be in play which can take to max resistance line.. if x in play might just overlap with (a).w....


Then (c)/y will take once again below (a)/w

Nifty view for 02-07-2013

Trap upmove X about to end soon or already ended..

Updated counts as follows:

W 6229.45 5566.25 663.20
X 5566.25 5904.35* -338.10 -0.510*W  so far

X.a 5566.25 5666.25 100.00
X.b 5666.25 5570.25 -96.00 -0.960*X.a
X.c 5570.25 5904.35 334.10 3.341*X.a so far...

Rising wedge along with negative sling on macd confirms X probably might ended...

Sell on hrly macd will confirm that by tmrw...

Y will do min as much as X ie just a tick below 5566.25 in coming days.....