Flat to negative opening with negative sentiments ...
Please note that each higher level in overbought zone is there to book the profit and each lower level is there in oversold zone to initiate fresh long trade ... in current scene we are trading in highly overbought zone so fresh entries in long trades are not recommended and profit booking may be seen .. ...how Elliott was able to predict the wave theory just only after analysis of human nature / psychology and drawn some lines on plain paper ... markets are still trading according to those lines ....in all time frames ...same observation was done and recorded by Dow too...

Elliott waves are quite good in understanding market moves ...if u want free e book on wave theory please ask me at kailash123p@yahoo.co.in

Many friends are not able to understand my concept.. coz i am not asking them to buy above and sell below as per the present tradition ...so my answer for them is think zara hat ke...come out from old pattern of 19th century, we are in 21st century so since how long we will or you will follow the same old principles...Every day I am proving that my concept is practical and workable ..you just have to see where is the current market price ...and story finish ..
levels below the CMP in the hold of Bulls and they will care for it till their last breath and levels above CMP in the control of Bears ...and they are there to protect that particular level ...
Now you can imagine easily if forces are there to save the level.... is it simple or easy to penetrate it? Obviously the answer will be No ...
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of bad news, due to that all lower levels will break rapidly .... will create panic in bulls , bear will start celebrating their victory ... benefited by bad news

To avail gains on every trade please subscribe for Dhanvarsha Tips / advisory services( premium ) ..
Stocks ...Nifty ...futures / options...
solution is here ...
e mail : kailash123p@yahoo.co.in
contact : 9451659275,9452160309

Elliott waves are quite good in understanding market moves ...if u want free e book on wave theory please ask me at kailash123p@yahoo.co.in
Please read the instructions, carefully before placing your trade order for nice gains by clicking this link.
http://dhanvarshagrp.blogspot.com/2010/01/how-to-trade-on-my-calls.html
Many friends are not able to understand my concept.. coz i am not asking them to buy above and sell below as per the present tradition ...so my answer for them is think zara hat ke...come out from old pattern of 19th century, we are in 21st century so since how long we will or you will follow the same old principles...Every day I am proving that my concept is practical and workable ..you just have to see where is the current market price ...and story finish ..
levels below the CMP in the hold of Bulls and they will care for it till their last breath and levels above CMP in the control of Bears ...and they are there to protect that particular level ...
Now you can imagine easily if forces are there to save the level.... is it simple or easy to penetrate it? Obviously the answer will be No ...
so How the level will break now ...?
to break upper level say roof / resistance/Bear grip what will be needed ....buying pressure with volumes ..which will be generated by good news ..
and for breaking the lower level /support /Bull grip.... need is only of bad news, due to that all lower levels will break rapidly .... will create panic in bulls , bear will start celebrating their victory ... benefited by bad news

To avail gains on every trade please subscribe for Dhanvarsha Tips / advisory services( premium ) ..
Stocks ...Nifty ...futures / options...
solution is here ...
e mail : kailash123p@yahoo.co.in
contact : 9451659275,9452160309

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