First day of the new FY.
I wish all of you best of wishes for the coming year.
And begin by invoking Lord Hanuman
" Bal-buddhi-vidya dehu mohe,
harhu kalesh-vikar"
[ O'Almighty,bless me with strength(mental & physical) and knowledge and take away my negativities so that I may put my strength & knowledge to positive usage---]
I would start with the Charts which have to be my guiding light for next few days:
+dt.+31.3.2012.png)
+dt+31.3.2012.png)
And lets see how C unfolds:
12.40 PM
.png)
2.45 PM
.png)
EOD
.png)
As 5340 remained untested,wave has not got completed.
Tomorrow opening may show us 5340+ before beginning the retracement.
Raghu
I wish all of you best of wishes for the coming year.
And begin by invoking Lord Hanuman
" Bal-buddhi-vidya dehu mohe,
harhu kalesh-vikar"
[ O'Almighty,bless me with strength(mental & physical) and knowledge and take away my negativities so that I may put my strength & knowledge to positive usage---]
I would start with the Charts which have to be my guiding light for next few days:
+dt.+31.3.2012.png)
+dt+31.3.2012.png)
And lets see how C unfolds:
12.40 PM
.png)
2.45 PM
.png)
.png)
As 5340 remained untested,wave has not got completed.
Tomorrow opening may show us 5340+ before beginning the retracement.
Raghu
Dear Raghu ji.
ReplyDeletePranam.
We all are wishing you best wishes for new financial year....thank you very much sir for your kind support and guidance.
Today is RAMNAWAMI. I pray Prabhu Ramchandra ji for your good health , wealth and power to gain the more knowledge.
Good luck.
Many Regards.
Jeevan.
01/04/2012/22.32
Thanks G1 bhai---hope you recd my mail.
DeleteDear Raghu ji.
DeletePranam.
Yes sir. Thank you very much for mail.
Good Luck and many regards.
Jeevan.
02/04/2012/22.47
guruji when there is oneside movement in market. sometimes our guidelines get violated . or maybe i am reading it wrong
ReplyDeletein 5 min or lower on 30 march a 5260.5-5251.4= 9.1
c 5258.55 -5241.6 16.95 c= 1.86 a. ond shud have expected a zz atleast for a dip to buy. but it looks market just gave a running flat and shot up. am i wrong in my readings??
wishing guruji and friends a happy new fy
Dear Piyush,
Delete5 min charts represent smallest degree of waves and at times are more confusing.So I keep on altering the time frame from 5 min to 1 hr. to get a better perspective. Otherwise also,for trading use hourly charts. The Ist Impulse(from 5136) looks over at 5315 in hourly charts and is currently getting retraced---
Once these two i.e the Ist Impulse & its corrective fall in place, further labels would be easier.
dhanyavaad guruji
ReplyDeleteDear Raghu Ji, I am frequent Visitor of ur blog. I have invested in equity related Products in ICICI Prulife. Please advise me weather Market moves up from the current level. Many Regards.
ReplyDeleteDear web(cutter).My view about Nifty is --- it would go upto 5850-5950 range and then turn back. Being a trader,my longest delivery based buyings(if at all) would be sold in this range and Shorts would be created as we approach 5950.
DeleteI,however,would appreciate if you could raise queries related to Elliot Wave analysis as I am not the proper person to answer Investment Instruments related queries.
Thank you Raghu Ji, for your kind reply. I just wanted to know the movement of Market. I got the answer from you.
DeleteMany Regards