Monday, October 10, 2011

Nifty EOD 10.10.2011

Carrying forward from yesterday:
Q
So my Preferred Count as it stands today is:
W5 in action as an Ending Diagonal :

SW1=5026-4729 its 3 subwaves being
5026-4824=202
4824-4870=46
4870-4729=141(70% )

SW2 in play, again as a three wave
A=4729-4922*(a 5 wave form)
B & C yet to fan out and may very well test 5000 as a zig-zag
UnQ

And as it stands today:

W5 in action as ED(3*3*3*3*3):
SW1=5026-4729
SW2=4729-4990*
A=4729-4922
B=4922-4861
C=4861-4990* basic min req of C=0.618*A has been fulfilled

So I am now ready for a slide down as SW3 to below 4729 levels (again as a 3 wave form)--
SL for all shorts should be at 5027.

On charts:
http://img833.imageshack.us/img833/4993/nfty10102011.jpg

Raghu
at

3 comments:

  1. shriramOctober 10, 2011 at 11:37 PM

    This comment has been removed by the author.

    ReplyDelete
  2. shriramOctober 10, 2011 at 11:41 PM

    One thorn in our count for ABC as 4720-5034(5024)

    CLOSING PRICE
    A 4748 5169 -421
    B 5169 4766 403
    C 4766 5015 -249 59.1%
    HI-LO PRICE
    A 4720 5169 -449
    B 5169 4759 410
    C 4759 5034 -278 61.2%

    C has NOT DONE the MIN 61.8% x A, on both prices

    Pls advise

    ReplyDelete
  3. shriramOctober 11, 2011 at 12:08 AM

    Dear guruji,

    wot if we saw B as : 5169-4759-5034-4729 ??

    See this pls!

    A 4720 5169 -449
    B 5169 4729 440
    C 4729 4988 -259 57.7%

    TARGETS for C

    1. C min =0.618xA : 5006.482
    2. C= A : 5178

    Can we Look @ UP move from 4729 as a 5 wave C ??!!

    urs

    ReplyDelete

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