Hanumanji

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

Friday, July 20, 2012

Trading Nifty on 20-07-2012




Let these two channels be our guides for the beginning

EOD:
Above EW position is based on strictly the wave form. The Impulse 5168-5258=90 has to be retraced by a 3 wave corrective. Though it has already retraced 60 points out of 90(66%) but not as  corrective 3 wave form.So on Monday we may open at 5230-5235 levels to slide down to sub 5195 once again to complete the wave form as shown in chart above.
Raghu
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