Sunday, May 5, 2013

Nifty view for 06-05-2013

Tomorrow critical zones to be watched:
5868 Shown in Green colour...
6019.45 shown in Red colur....
5930 prior low...

Probabilty 1:
Tomorrow nifty might take support at 5930, 6019.45 will be taken off to complete pattern Y.c which will mark the end of Big B...

Probabilty 2:
5930 support broken means, light blue channel line to be watched 5920-5910 which may reverse from this zone... Y.c.b might end in range 5920-10... then Y.c.c might go above 6019.45 once

Positive divergence suggest me probabilty 1 in lower time frame likely to occur...

If any case 5868 broken means game over, retracement of 5477- 6019.45* started or Big C started....  


Nifty 5 mins:
Violet or orange likely to play..  Note : Both case should hold 5868....


Short term view:


Thursday, May 2, 2013

Nifty view for 03-05-2013

Now time to be cautious, up move likely to end soon (mostly in next 2 days) as Nifty is moving up with negative divergence....

Y.c is not yet ended there is negative divergence missing...

If yellow line shown in 3mins chart is broken first without taking out 6019.45,  then retracement shown in violet likely to occur upto 5910-50... Rise above 6019.45 will follow after that to complete pattern....

What if it goes above 6019.45 without breaking it.. then Y.C.c in play... Y.c.b might be just time wise correction.. Break below 5992 will confirm Y.C ended....