Hanumanji

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

Friday, December 30, 2011

Nifty:EOD 30.12.2011

Now we have the question,posed yesterday, whether this down-move from 4800 is a 3 wave or 5 wave.It assumes more significance today as the minimum for the 3 wave-4922-was done today.
So far:
SW1=4800-4672=128
SW2=4672-4702=30
SW3=4702-4609*=93
Now this SW3(in itself) in any case has to be a 5 wave form.So lets see the Intraday Chart from 4702 downwards to figure out what form it has taken so far:



As mentioned in the chart, for a 3 wave ABC,C can very well be an Ending Diagonal and that seems to have fulfilled the minimum basic required for a 3 wave.
Then is the downmove over?
Only a breach of 4702 on the upside would confirm that and then WXYXZ count as mentioned yesterday would become our guide.

And if 4702 holds then we have to Count:
SW1=4800-4672=128
SW2=4672-4702=30
SW3= Target minimum 1.62*SW1=207=4495
(i)4702-4609=93
(ii)4609---upwards

Thus once again it is left to momentum to give us a clearer pattern.Markets have been trading in a very narrow range of 20-30 points throughout the day,making a dash --up or down -- in the last hour. Would try to devote some time to momentum studies for sharing my own readings--

Last week-end of the year 2011 is here.Trust all of you would be welcoming the new year in your own style.I wish you all a very happy ,healthy & prosperous new year with a gentle reminder towards social responsibilities. Let's all take a pledge to do something for not so lucky ones in this new year and contribute to make this world a better place to live in.

Raghu
Posted by at

11 comments:

  1. vishalDecember 30, 2011 at 7:25 PM

    dear raghu bhai

    wishing you and your family a happy and prosperous new year. thanks vishal

    ReplyDelete
  2. reachnagraj / theknight16December 30, 2011 at 7:29 PM

    Wah guruji wah - very nicely expressed views with apt words for the occassion.

    Happy New Year 2012 to you and family also
    Love you Guruji....

    ReplyDelete
  3. SurajDecember 30, 2011 at 7:36 PM

    Dear Raghu Sir,

    Wishing you and your family a happy and prosperous new year. Good job done.

    Regards
    Suraj

    ReplyDelete
  4. JEEVANDecember 30, 2011 at 7:54 PM

    Dear Raghu ji

    Happy new Year to you and your family
    as well as to all our blog family members.

    Jeevan.

    ReplyDelete
  5. lalitlkDecember 30, 2011 at 8:24 PM

    Wishing you & your team & regulars in this Blog
    A VERY HAPPY & PROSPEROUS 2012
    God bless you all !

    ReplyDelete
  6. UnknownDecember 30, 2011 at 8:41 PM

    Dear Raghuji,
    You have done commendable services to retail traders like me and I feel you are a gem to our group and you deserve from God very healthy and wealthy 2012.
    I wish your family and all your well wishers a happy new year

    ReplyDelete
  7. SATYA KAMADecember 31, 2011 at 11:29 AM

    Dear Raghu Ji,

    Wish you and your family and all the members of this long 'A VERY VERY HAPPY & PROSPEROUS NEW YEAR - 2012'

    ReplyDelete
  8. sanjayDecember 31, 2011 at 12:16 PM

    dear raghu i dont think ur right from next week market will turn upward and make 5600-5700 till feb thanks

    ReplyDelete
  9. Piyush ShardaDecember 31, 2011 at 2:13 PM

    happy new year guruji and friends. may 2012 bring happiness and prosperity.

    ReplyDelete
  10. AnonymousDecember 31, 2011 at 5:10 PM

    Dear Raghu ji !

    हार्दिक शुभ कामना ,आप को नया साल २०१२ आनंद मय हो !

    आपके ह्रदय की कोमल भावनाओं जो आपने इस सन्देश के अंत में
    प्रकट की,उसके लिए ह्रदय से साधुवाद !

    पर हित सरस धरम नहीं भाई , पर पीड़ा सम नहीं अधिकाई !!

    ReplyDelete
  11. RaghuvanshiJanuary 1, 2012 at 10:12 AM

    I thank all my friends for your good wishes.May the New Year bring up new goals in our minds after fulfilling the already present ones.

    ReplyDelete

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