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BNF FOR NOVEMBER ...... ( NEUTRAL TO BIAS ON SHORT SIDE) 5 EMA CROSSED BELOW 20 EMA ON AN HOURLY BASIS INDICATING SOME WEAKNESS FOR THE INDICE. WE HAVE 50 EMA BELOW THIS AND AT THE BOTTOM IS THE 200 EMA. SHOULD BNF TAKE SUPPORT AT 50 EMA, IT WOULD STILL NOT BE A CARRY TRADE AS IT WILL THEN HAVE TO CROSS OVER 5 AND 20 ON THE UPSIDE. MOREOVER, FOR ANY BULLISHNESS TO...

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AS EXPLAINED ON THE CHART

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WATCH RELIANCE

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SHORT TO NEUTRAL STANCE FOR TODAY AS EXPLAINED IN THE CHART

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IN A SIDEWAYS MODE CURRENTLY, WITH AN UNDECIDED DIRECTION FOR THE MARKET 1. PIVOT FOR DOWNSIDE/UPSIDE AS PER YESTERDAYS MOVEMENT WOULD IDEALLY BE 11860-65 ZONE 2. AN UPSIDE WOULD ENSUE ABOVE AND SUSTAINING ABOVE 11925..... SUSTAINING THIS, NIFTY IS LIKELY TO TARGET 11970-11990 AND MORE 3. STAYING BELOW 11860 ANS SUSTAINING BELOW THIS, NIFTY IS LIKELY TO HEAD LOWER...

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GOOD MORNING DEAR FRIENDS. JUST AN UPDATE FOR THE DAY FOR YOU ALL TO PONDER ON. 1. NIFTY STAYING BELOW 11970-12000 ZONE, AND BREAKING BELOW 11880-895 ZONE, WILL HEAD TO 11700-11745 AND LOWER 2. NIFTY STAYING IN THE RANGE OF 11865-11880, WILL RISE TO 11975-12000 AND HIGHER 3. THERE IS A NEGATIVE DIVERGENCE ON MOST BANKING STOCKS/BANK NIFTY AND NIFTY 4. RELIANCE...

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A WARNING TO YOU ALL MY DEAR FRIENDS......... AS EXPLAINED IN THE CHART 1. WE MADE A HIGHER HIGH ...... BUT BROKE DOWN ..... MOREOVER, IT WENT LOWER TO 24134.... WHICH WAS LOWER THAN 24167 2. BNF MADE HIGHER HIGHS..... CAME DOWN... N BOUNCED BACK AGAIN, BUT DID NOT SURPASS THE HIGH FOR THE DAY@ 1ST WARNING BELLS 3. THERE IS A NEGATIVE DIVERGENCE WHICH HAS COME...

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A MAKE OR BREAK SITUATION WILL A DROP IN RELIANCE TAKE THE MARKETS DOWN AS WELL????? SEE IT YOUR SELF. 1. TYPE 5 20 50 200 EMS ON UR INDICATORS ..... THEN ADD THEM 2. SEE THE DOWNMOVE ON HOURLY/DAILY/WEEKLY/MONTHLY AND YOU CAN SEE WHATS HAPPENING WITH RELIANCE 3. THE MACD N WILLAM %R ALTOUGH ON A SELL SINCE A WHILE..... SEEM TO BE HIGHLY OVERSOLD NOW 4. MAY HELP...

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ANOTHER PATTERN UNFOLDING...... AN UPSIDE OR DOWNSIDE IF BNF BREAKS EITHER TRENDLINE.

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I TRIED TO LOOK AT ALL INDICATORS TO SHOW SOME SORT OF A WEAKNESS IN BANK NIFTY FUTURE. FINALLY I USED THE WILLIAM % @ OVERBOUGHT/OVERSOLD CONDITIONS. ON AN HOURLY BASIS, PRICE HAS CLOSED BELOW 5 EMA .... AND THE WILLIAM% INDICATOR HAS TURNED DOWN.... IT IS - 17.77.... AND A DROP BELOW -20 IS THE 1ST SIGN OF WEAKNESS..... AND A DROP BELOW -50 WOULD MEAN THAT THE...

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AS EXPLAINED IN THE CHART

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IN CONTINUATION TO MY POST OF YESTERDAY, IT IS PRUDENT TO CAUTION THAT ALL SHORTS MUST MAINTAIN A VERY VERY STRICT STOPLOSS OF 11945 ON NIFTY SPOT. ALTOUGH NIFTY MAY BE IN THE MOOD TO TREND DOWNWARDS, BANK NIFTY SEEMS TO BE THE STRONGER ONE AND IN NO WAY WANTING TO DRIFT DOWN. THE ONLY ZONE WHICH WILL CONFIRM A DOWNWARD TREND IS A BREAK OF 11855-11870 ZONE........

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AS SEEN ON CHART

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WE ARE CURRENTLY IN AN ''' ABC'' OF ii OF 5, ''A'' HAVING COMPLETED AT 12025, AND ''B'' UNFOLDING TOWARDS 11540 APPRXX STAYING BELOW 11909. iii OF 5 WHICH I HAVE BEEN REPEATEDLY SAYING FOR QUITE A WHILE NOW, WILL BE THE MOST ''' REWARDING'' OF ALL THE WAVES, AND HENCE IT SEEMS PRUDENT TO GO LONG AT APPRXX 11500-540 ZONE ON NIFTY SPOT. THE BROADER MARKET HAS...

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IN CONTINUATION TO MY LAST POSTS....... I AM GIVING BELOW FOR ALL YOUR REFERENCES THE WAY BNF MAY PAN OUT IN THE NEXT FEW DAYS. 1. WE ARE CURRENTLY IN A OF IV OF 5..... WHICH MEANS WE ARE IN WAVE IV OF LARGER 5, WITH IV SUBDIVIDING INTO ABC. A HAVING BEEN DONE AT 22200,B HAVING UNFOLDED UPTO 23800 ZONE, AND C IN UNFOLDING TO THE DOWNSIDE CURRENTLY. 2. IF WE LOOK...

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NIFTY IS CURRENTLY IN A DESCENDING TRIANGLE@ IV OF 5 ..... WAVES II AND IV R CORRECTIVE WAVES IN AN IMPULSIVE LARGER WAVE, AND HENCE A DIP TOWARDS 11820-880 WOULD BE PRUDENT.... ONCE HOLDING, WAVE V OF 5 WOULD UNFOLD TO TAKE NIFTY HIGHER TOWARDS 12200-12800 ZONE. IN AS MUCH AS MOST CHARTISTS HAVE MORE OR LESS SAID THAT THIS UPMOVE V OF 5 WOULD BE THE END OF THE...

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IN CONTINUATION TO MY POST OF 2 DAYS AGO ...... I AM TAKING A HOLISTIC VIEW ON THE INDIAN MARKETS FROM A MEDIUM TERM APPRXX 6 MONTHS POINT OF VIEW 1. IN AS MUCH AS I HAVE MARKED THE 5 WAVE UP FROM 20431........ IT IS TO BE REMEMBERED THAT THIS 5 WAVE COUNT IS A VERY VERY SHORT TERM TREND.... AND HENCE TO GO 1 STEP FORWARD , I CONSIDER IT APPROPRIATE TO CONSIDER...

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I HAVE WATCHED MANY A TOP BORDER ON THIS FORUM GIVING CALLS TO SHORT BNF SINCE THE LAST ATLEAST 600-1000 POINTS. SOME OF YOU MAY HAVE GOTTEN TRAPPED IN THAT ORDEAL.... HOWEVER, IF ONLY SOME OF YOU HAD DONE YOUR HOMEWORK, YOU MAY HAVE REALISED YYYYYYY U NEVER SHOULD HAVE SHORTED ..... BELOW IS A SIMPLE AND LOGICAL STEP TO WHAT UNFOLDED SINCE 20431 LOW. 1. NIFTY...