NO HYPE, NO FANCY GRAPHICS, JUST ROCK SOLID RESEARCH
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5143 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5143 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
Bang On
on March 19 Report Published Nifty target 4880 Under Below Title
Golden Cross Over May Turn In To Golden Death
Below is the link to read in details
http://www.janibrothers.in/golden-cross-over-may-turn-in-to-golden-death/
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5176 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5184 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
Today is the(11 may 2012) 55th day from high of 18523 so chances are that market will hit bottom after crashing to 80% retracements of 13538 to 18523
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5213 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
While due care has been taken in preparing the above Analysis, no responsibility can be or is assumed for any consequences resulting out of acting on it.
NIFTY AND USD INR REFERENCE LEVELS
AS PER MY EARLIER VIEW ON NIFTY AND USD INR
BELOW ARE THE LEVELS WHICH WILL CHANGE THE DIRECTION OF THE SECURITY
NIFTY(cash) close above 5213 will change the trend in to up trend (bottom of wave c -bottom of wave 2 and bottom of wave b will be confirmed above this levels)
USD INR closing below 52.80 will change the trend in to down trend for USD(top of wave b will be confirmed below this levels)
While due care has been taken in preparing the above Analysis, no responsibility can be or is assumed for any consequences resulting out of acting on it.
Dear members
yesterday i have posted USD INR technical levels with probability of ending wave B and yesterday down by 1.11%
now in this article I am posting NIFTY wave prospective if wave b in USD INR is over as I have labeled then wave c may move to 46 levels in months to come
now let’s focus to nifty
5 wave rally as shown in black box was predicted now I have labeled a-b-c of smaller degree
wave c may have find bottom at 4980 at 61.8% retracements
wave 1 and wave 2 of higher degree labeled
wave 2 may have taken support of 4980 -this correction of wave 2 of higher degree has retrace good by price and time wise so probability of finding bottom at 61.8% retracements is quite high
A-B labeled of a-b-c trading pattern
I have drawn the extension line in black which shows the possible support of wave b at 4976(at 61.8% extension )
so all in all 4975-4980 is strong support for market as per smaller degree wave C -higher degree wave 2-B of a-b-c pattern
as in my previous report of LONG NIFTY-LONG DOLLAR I have put daily levels of buying for short term prospective levels which was 5326 now today this level is changed to 5262 so first we have to see that nifty gives close above the levels(which is going to change on daily basis) then we will consider long position and then will put daily basis stop loss
for those who have higher risk capacity and have medium term prospective can buy nifty with weekly closing sl 4850 and hedge with buying put option
if u have any query or suggestion on my analysis or market will discuss
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Thanks And Regards
Nishesh Jani
Professional Trader & Investor
While due care has been taken in preparing the above Analysis, no responsibility can be or is assumed for any consequences resulting out of acting on it.
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