It is difficult to predict the top of (b) upward but (c) downward likely to be of 100 plus points (may be Nifty starts dip from present levels only). Means, after some bounce from 7925, we can expect one more down move of 100 plus points from high. Where ever Nifty goes upward from these levels, we can expect a dip below 7925 once again.
Wednesday, October 1, 2014
Monday, September 29, 2014
This view is valid only if 7932 is safe, pattern will be negated if Nifty managed to break below 7932 before up move.
Posted by Deepak Kumar at 8:51 PM
Sunday, September 28, 2014
Saturday, September 27, 2014
Thursday, September 25, 2014
Present setup suggests Nifty to rise above 8200 in near term if today’s low 7950 saved. Upside targets are same as I suggested yesterday 8214, 8393, 8460 in steps with small corrections in between.
Posted by Deepak Kumar at 12:32 AM
Tuesday, September 23, 2014
By seeing the present scenario, Nifty can be bought in 8014-7990 range for positional targets of 8215, 8360, 8450 in near term. Use 7923 spot as strict stoploss. My advice is to take position in October Contracts. All levels suggested are spot levels adjust with future levels yourself.
Warning: Please trade light in your normal lot size. Never be greedy by seeing bigger targets. Loss will be big if I am wrong in identifying waves.
Posted by Deepak Kumar at 7:53 PM
Posted by Deepak Kumar at 12:42 PM