Attached is the BNF chart as well for your kind Disposal...... You MAy consider Going LONG at the Marked Levels ...... Kindly do your own analysis @ "" SYSTEMS""..... and Trade at your own RISK
BNF 15 tf chart............... from the upper end of the channel to the Lower end of the channel..... Watch this Lower end carefully now and trade accordingly
On the NF chart........ You MAY consider Going LONG at the Rectangle Level Marked, and if this Holds today..... The UPPER 3 TARGETS are Pretty Assured
The SnP chart is NOT Looking GREAT at this stage, wherein, Price is not able to hold even the minimum Barest requirement of the FIB. I had said sometime Last week that the SnP/DJIA/NIFTY would probably ALLIGN with Each other and Move upwards..... NOT ANYMORE. This will not happen if price stays below the Bare Minimum. Infact...... I am unsure which way Indices MAY...
I just DO NOT see a 5 waves down yet on SGX Nifty chart. This is a DAILY chart... and I just do not see the 5 waves yet.... time to Ponder over it..... Do your assessments and take a call
Nifty Future however did do its 5 waves from 18123....... BUT if I was to give more WEIGHTAGE on NS or NF...... I would give NS more weightage. The chart was very clear to Me and spoke precisely about the VOLATILITY..... '''' MEGAPHONE PATTERN''''' as market in RED ARROWS, and I did short NF at 17443.... and covered my shorts at Lows today.
Please UNDERSTAND this chart of NIFTY very very Carefully....... There is SOMETHING MISSING depending on how you want to see it. Marked are 2 Coloured Arrows in RED/BLUE which tell the STORY. 1. When I take the markings from 18088, I get 12 ABC @ 5 clear waves down done and an impulsive Wave Starting .The Targets for the MINIMUM requirements for wave 3 are marked...
I have marked out an imaginary 5 waves UP which MUST PLAY OUT.... if Not Something is Terribly WRONG. The Other Liberty I have taken is to Construct an IMAGINARY LEADING DIAGONAL ( marked in RED ARROWS). I have merely done what I see on the SGX future chart. It makes Me believe that for now... Nifty """ MAY""" get stuck in a Leading Diagonal and FALL OFF THE...
Very Interesting Setups Emerging All Around with a Sense of Caution. DJIA futures as I see it and explained fully with Momentum and Fib retracements Tonight/ Tomorrow
There is Something in this SGX chart which DISTURBS me......Is it an ENDING DIAGONAL????? If it is..... Let me see the structure unfolding on NIFTY tomorrow and we will know the TRUE PICTURE
Sometimes Its NOT ALL about being SERIOUS....... This is how I would trade the SGX if I was hitting it today....... For those looking at massive GAP UPS tomorrow in Our market....... Think Again..... Will we even open GAP UP ????
To My Mind..... the Market will stay within the RESISTENCE and SUPPORT Lines for a while now. There will be NO CLEAR CUT BREAKOUTS YET...... We are either CAPITULATING OR WE are Looking at a BREAKOUT/BREAKDOWN. For 1 whole year we have stayed WITHIN THE CHANNEL. The Recent Low of 16750 STOPPED EXACTLY AT THE MID MEAN ( DOTTED BLUE LINE) of the Channel. In my...
If I havent had Enough by Now .... Thank God its a THURSDAY....... EVERY RISE WILL HAVE A RETRACE AND VICE VERSA.... The Question Remains....... How Much do YOU know about it ???? And on that Note..... God Bless and Good Night
For PARASURAM................ This is why I asked you to stay CAUTIOUS..... Did we fill the GAP ????? NO....... Inspite of Such a STRONG RALLY..... Still Cautioning You All..... Learn the Wave Counts and Stay Abreast with the Market Movements. When the whole world was Bearish yesterday ..... I gave you all a level of 16875 to 16900 on NF to go Long...... I was...
Attached with all markings is the SGX future chart wherein .... all Important zones have been marked for your disposal.
The Chart Must be co-related at your end to the DJIA spot chart and seen accordingly. AB=CD done on Daily basis on the DJIA futures, and a Jump/Bounce followed. I cautioned you all yesterday that the BOUNCE would be sooo LETHAL ... None of you would believe it, just as None believed Nifty at 15190 odd. DJIA future is at its 23.6% fib retracement which is the 1st...
As expected ..... we gapped up majorly. Now the current waves MUST be marked as follows. 1. Marked i Must remain i. 2. Marked ii MAY either be a minor ii done and we are well into the iiird wave.... OR, where marked ii MAY be ""A"", todays TOP as "" B"", and a ""C/ii """ down pending before an EVEN MORE MASSIVE RISE for iii up. Play it well