Hanumanji

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

Thursday, February 9, 2012

Nifty:EOD 09-02-2012

From today's morning post:
Q
Now as we move towards the last leg of the upmove,I have conviction to state that today's action would follow following pattern:
So far 5(started from 5078) of Upmove (from 4531)has done:
(i)=5078-5290(212)
(ii)=5290-5226(64)
(iii)=5226-5390(164)
(iv)=5390-5325(65)
(v)=5325-5380*

This (v) can not be more than (iii) so maximum it can do is 163+5325=5488;
Also for a proper wave form, this (v) has to be of a length wherein (i)=1.62*(v).
So (v) can be,at the most 130.5.
Thus maximum length for (v) comes to 5325+130.5=5455

sw1 of this (v) has done 5325-5380=55
sw2 may retrace 50-62% i.e come down to 5345-5352 levels.
(Also pivot for the day stands at 5364.
So one should go long for targets 5412+ maximum
upto 5455 with Stop Loss at 5324.
UnQ

And now this(v) stands as:
sw1=5325-5380=55
sw2=5380-5341=39
sw3=5341-5423*=82(149%) should do 162%of sw1 minimum
sw4=to retrace 23.5%-50% of sw3
sw5=to come up again.

so tomorrow ,we may see oscillations in 5400-5450 range to complete (v).




Raghu

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