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
Related Readings and Observations
Nifty Bouncing Back from the Bottom Again? Nifty futures tested a low of 8001.1 on tuesday follow by a recovery very next day. The hourly timeframe in both nifty futures and bank nifty futures turned to buy mode in the second half […]
Crude once again near 200 Week Moving avergage
Crude once again near 200 Week Moving avergage with bearish negative divergence on daily charts Source:
www.marketcalls.in
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Nifty and Bank Nifty 90 min charts for 29 May 2012 Trading Nifty and Bank Nifty 90 min charts are in buy mode since last thursday 24th May 2012. Currently the cloud supports are coming near 4873 and 9345 respectively and the intermediate […]
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Cautious 10 day SMA of TRIN is above 1
Nifty Positional Long and Short Based on TRIN - Check here to know more about 10 day SMA of TRIN Source:
www.marketcalls.in
dear raj, u were very right in ur analysis.how do u calculate the index ratio and where is it now.thnx n regards. rashmi
Index ratio = Nifty/Shangai CompositeCurrent Ratio declines from 1.26 to 1.19Shows any small shake in chinese index willheavily affect our performace. When the ratio reaches near 1. we will be trading below 2400.Thats for sure.
dear raj,vry gud analysis.thnx fr it.how far cn the nifty go in the current downtrend.regds rashmi
Anywhere between 2600-2680 before expiry.Where the Lower Bollinger band line could meetnifty in 2 or 3 days
Even there are possiblilites are there that2500 will be tested and bounced back the very same day before expiry