Hanumanji

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

Wednesday, December 21, 2011

Nifty:EOD 21-12-2011

On EOD charts, the Count can be read as follows:




And on Hour chart.it appears as follows:




However, 4th wave usually is not so fast & furious. And that is a matter of concern.
So shorts should have strict SL at 4727.

Raghu
Posted by at

5 comments:

  1. reachnagraj / theknight16December 21, 2011 at 7:36 PM

    Thanks Guruji for the update;

    Just sharing my observations with you on a ssw level,

    3 commenced on a sharp note down and hence not surprising to see a sharp spike up in 4th

    How things unfold, time will tell but IMHO, a FLAT [Regular or Expanded] 3-3-5 may unfold going towards the ssw.

    and the hourly chart indicated in 2nd illustration is also respecting alternation in structure and form on ssw level.

    seems like some good opportunities opening up on either side until expiry - HHHHHHH

    Thanks again for your precise, concise and ullustrative posts. If time permits, request you to shed some light on INFY and HUL

    ReplyDelete
  2. lalitlkDecember 21, 2011 at 7:50 PM

    http://elliotwaveindiapremium.blogspot.com/2011/12/nifty-what-is-your-stoploss-part-1.html

    has suggested two counts both are UP move with a target of 5200

    ReplyDelete
  3. RaghuvanshiDecember 21, 2011 at 9:50 PM

    Dear Lalit,
    Above 4729 ,you may see the Bullish Count here also.Not now--

    ReplyDelete
  4. kalyaniDecember 22, 2011 at 5:18 PM

    dear lalitlk ji,

    can you invite me to above elliotwaveindiapremium blog ?

    ReplyDelete
  5. lalitlkDecember 22, 2011 at 7:40 PM

    http://www.elliotwaveindia.com

    It is a paid service - rs. 500 a month; send a mail to harpeet at
    man4urheart@gmail.com when he accepts your r in for five days complimentary basis.

    ReplyDelete

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

Subscribe to: Post Comments (Atom)