Hanumanji

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

Tuesday, November 22, 2011

Nifty:EOD 22.11.2011


Has SW4 started?
Or is it (iv) of SW3?
No confirmation so far.Lets see in 3 min charts & Hourly Charts( only the upmove above 4764).



Discernible waves can be seen as:
A=4764-4854=90
4764-4824=60
4824-4801(4824-4783-4835-4801)
4801-4854=53
B seems to be in progress-- quite capable of doing 1.382*A=4730

Thus this retracement is not very easy to follow --- so one trade I suggest would be to go long below 4764(trendline suggests 4741) with a SL at 4728 and Target 1.6*A=140 points

And by this Count , expiry around 4885-4910 is seen

Raghu

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.