Nifty Bank Futures Harmonic Pattern

Simply Intelligent Technical Analysis and Trading Strategies

23 December 2009 17 views No Comment

As mentioned by MGV in the comment coloumn, the harmonic patterns are changing

continiously. And today it changes from Bearish Bat Pattern to two types of Bearish

Harmonic Pattern

1)Bearish Crab Pattern

2)Bearish AB=CD

Yesterday’s Observation Failed. I’d like to go for Second observation

Now the Idea trade is to wait for 8940 to hold to short Nifty Bank Futures

Nifty Weekly View
Nifty is currently Trading Below 16 June 2006 low. So Possibly the Level 2868 could be act as a resistance in coming weeks on Weekly closing basis. Source: www.marketcalls.in...
Infosys Technologies Ltd
Free Intraday Tips for 11th February 08RNRL ( Reliance Natural Resources Ltd) Action Trigger Price Stop Loss Target 1 Target 2 BUY ABOVE 150 147 155 162 SELL BELOW 145 149 143 138( Click here for more recommendations of stocks below Rs.150 ...
Elliot View for Nifty
Here is an intrestiing view from Mr Corey Rosenbloom Have a Look at the Article. Here is the Link Elliott Wave on the Indian Stock Exchange You could get a clear picture about the End Result Source: www.marketcalls.in...
Everest Kanto Cylinders : A Multibagger in Your Portfolio
Buy : Everest Kanto Cylinders CMP : Rs 259 Target : Rs 750 Time Frame : 3 Years Everest Kanto Cylinder (EKC) is a leader in the industrial and CNG cylinders manufacturing business in India. It commands an overall market share of 85% in CNG cy...
4890 Remains the Key EOD Support
GANN FAN Principles are applied to long term nifty charts. Nifty nears long term gann support ternd line approximately very closer to 4890 which nifty is tring to hold since 18th Sep 2009. Failure to hold or bounce back from this levels is bearish. v...