Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Tuesday, October 25, 2011

Nifty: EOD 25.10.2011


Phew,what a day.
Stopped out twice.
Once at 5146 and then again at 5170.



And crossing 5170 was a clear indication that Nifty has changed tracks and we have to do accordingly.
The momentum with which 5169 has been taken out is a clear indication that now we will have to count the upmove from 5011 as Y.C which shall play out as a 5 wave form. Therefore:
Y.A=4728-5160=432
Y.B=5160-5011=149(35%)
Y.C=5011 upwards in play with minimum target of 0.618*Y.A=268=5280 and shall play out in 5 waves --sw1,sw2,sw3,sw4,sw5- of which it has played put:
sw1=5011-5148=137
sw2=5148-5034=114(83%)[ 5148-5034-5120-5038]
sw3=5038- upwards in play shall do minimum 5260(=1.62*137) having done so far
5038-5146=108
5146-5085
5085-5210* and minimum to go upto 5260

Thus on the lower side 5146-5148 have become sort of barriers till this Y.C gets completed.

I wonder how many of you went long when Nifty went above 5170--

To conclude, let me reiterate:
1.Y.C in play;
2.Minimum Target for this Y.C is 5280;
3. Currently sw3 of Y.C in play which would do minimum 5260 (tom. we may even open at this level);
4. Last,but not the least, 5328 should not be broken for our higher degree count to remain valid.

Best wishes for a happy & prosperous Deepawali.

Raghu

Posted by at

16 comments:

  1. WaquarOctober 25, 2011 at 6:34 PM

    Raghu ji,

    I have noticed that whenever there is bullish/bearish news flow, my mind usually ends up counting waves in accordance to the news :P
    Gotta learn to keep a clear mind before working on my analysis ;-)

    LOL dnt why i wrote this i actually just wanted to wish you Happy Diwali, Wishing you and your family a very happy Diwali!

    ReplyDelete
  2. RaghuvanshiOctober 25, 2011 at 6:47 PM

    Dear Waquar,
    Thanks for your wishes.All the best to you as well.
    And yes major news are the deciding factors.At times our charts reflect them by showing a clear-cut build-up but sometimes they do it silently.
    And one must remember crucial pivot points as they signify the change in tracks as apparent today.
    Till 5169 was not crossed,YB(b) was making sense but as 5169 was crossed the wave-forms started presenting a new look altogether--resembling Y.C.
    Any ways,most of my intraday gains were sucked by Stop-losses but in the end I am on the right side of the trade.
    Now one must remain long till 5280 and think of shorting only above it.

    ReplyDelete
  3. reachnagraj / theknight16October 25, 2011 at 6:50 PM

    Guruji - very valid point made; last time also when there was a confusion about potential moves, I remember you categorically said that if stopped out twice, then it means going back to the drawing board and seeing the bigger picture unfolding;

    Once again that prophecy has worked out today and whilst the SLs are a bit disappointing, it still has saved ammunition for playing the next moves and I think that is the best take-away you and wwji have given juniors so far.

    Love you as always....Nagi

    ReplyDelete
  4. RaghuvanshiOctober 25, 2011 at 6:59 PM

    Yeah Naagi,
    Ammunition was saved and there was the option of going long at 5170.But I decided to see EOD charts before taking a fresh position.
    HHHHHH
    when mkt presents an opprtunity everyday,why to hurry in initiating trade?

    ReplyDelete
  5. Piyush ShardaOctober 25, 2011 at 7:33 PM

    happy diwali raghuji.

    ReplyDelete
  6. UnknownOctober 25, 2011 at 7:46 PM

    Happy Diwali Raghuji...

    ReplyDelete
  7. kabirOctober 25, 2011 at 7:48 PM

    happy dipawali raghu sir ji,
    wish this diwali light up new dreams, fresh hopes and lots of wealth to u

    regards
    danish

    ReplyDelete
  8. RaghuvanshiOctober 25, 2011 at 11:03 PM

    Dear Piyush,Vignesh & Danish,
    Thanks a ton for your good wishes.
    I reciprocate the same from deepest of my heart

    ReplyDelete
  9. UnknownOctober 26, 2011 at 8:55 AM

    Dear Rahuji,
    Thank you sir for the genius efforts and may god bless with more energy and success.
    Best Regards
    Kamathak

    ReplyDelete
  10. Sai PrashanthOctober 26, 2011 at 9:53 AM

    Dear Raghuji,

    Wishing you and your family a very happy DIWALI and praying Goddess Lakshmi to give you all the wealth, health and happy life ahead.

    Kind Regards.

    Sai P Hariharan - Mumbai

    ReplyDelete
  11. rameshOctober 26, 2011 at 10:37 AM

    Der Raghuji,
    Wishing you and your family a very Happy and prosperous Deepawali. Have learnt to visit the EOD charts again in case the earlier trades do not work out. As rightly mentioned no need to enter into an trade when opportunity presents every day.

    ReplyDelete
  12. Abhay deepOctober 26, 2011 at 12:23 PM

    Hi Raghu ji,

    Wish you an your family a very happy and prosperous Diwali..

    Cheers,
    ~AD

    ReplyDelete
  13. paddyOctober 26, 2011 at 3:36 PM

    Hi RaghuJi and NagiJi,

    Wish you and your families a Bountiful Diwali!!

    Cheers,

    Paddy

    ReplyDelete
  14. AyushOctober 26, 2011 at 10:44 PM

    Raghuji, charan vandana! Shubh Deepavali sirji. Hope you are having a gr8 time with fmily and frends :). Njoy!

    Regds, Ayush

    ReplyDelete
  15. Vanita HegdeOctober 27, 2011 at 2:35 AM

    Wish you a very happy and prosperous diwali.

    ReplyDelete
  16. UPS2010October 27, 2011 at 9:37 PM

    Guruji it seems that 5328 will be taken out in the opening move itself.
    Regards

    UPS

    ReplyDelete

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