Nifty is trading in 4600-4800 trading range since mid Nov 11
MURU (1/8/2012 11:06:23 AM): Last two days more work, so can't contact you
kailash Chaturvedi (1/8/2012 11:06:43 AM): but today is off na
MURU (1/8/2012 11:07:49 AM): untill 1 pm we working, now here the time is 12.37
kailash Chaturvedi (1/8/2012 11:08:03 AM): so 13 min left
kailash Chaturvedi (1/8/2012 11:08:10 AM): 23
MURU (1/8/2012 11:08:48 AM): yes but almost finished to day work.
kailash Chaturvedi (1/8/2012 11:08:54 AM): ok
kailash Chaturvedi (1/8/2012 11:09:14 AM): so now u can concentrate on mkt analysis
MURU (1/8/2012 11:10:25 AM): yes. leaving to house 1.00pm , planning to analysis after 3.00pm
kailash Chaturvedi (1/8/2012 11:10:56 AM): how far is ur home frm office
kailash Chaturvedi (1/8/2012 11:11:15 AM): and can u not trade urself online
MURU (1/8/2012 11:12:11 AM): i expect up move will come up to 4850 if it cross 4990 is the tgt
kailash Chaturvedi (1/8/2012 11:12:46 AM): since last 4 sessions
kailash Chaturvedi (1/8/2012 11:13:00 AM): momentum is diminished
MURU (1/8/2012 11:13:20 AM): 10km. 20 min driving time
kailash Chaturvedi (1/8/2012 11:14:13 AM): and all 4 candles... nifty candles are not giving nice healthy signs for bulls
kailash Chaturvedi (1/8/2012 11:15:08 AM): so bulls are impatient
MURU (1/8/2012 1:02:39 PM): i will send you EW ANALYSIS
MURU (1/8/2012 1:02:57 PM): On 6th Jan. 2012 market has resolved my doubts whether the on going movements in the market is whether Wave 'E' or Wave 'F'. It has led to change my labeling and accordingly price target is given below.
MURU (1/8/2012 1:03:30 PM): May be current phase of upward movement will get over either on 9th Jan '12 / 13th Jan '12 After touching 4850, the possible highest target, market trend will reverse to play out Wave 'G'. WAVE A = 5700 - 4720 = 980 - 23 Days WAVE B = 4720 - 5382 = 662 - 41 Days WAVE C = 5382 - 4639 = 743 - 18 Days WAVE D = 4639 - 5099 = 460 - 9 Days WAVE E = 5099 - 4531 = 568 - 9 days In the Directional Path, Wave A > Wave C > Wave E. OR Wave E< Wave C < Wave A The above logic implies Wave G may be smaller than Wave E. We will work out the target after completion of Wave F. May be 4850-567 = 4283.( Maximum possible target ) Though it is too early to conclude, I have worked out this for academic interest and to satisfy our curiosity. Since the current price is nearer to Trend Li
MURU (1/8/2012 1:04:15 PM): In the Non Directional Path In the non directional path Wave F will be smaller than Wave D since Wave D is smaller than Wave B. It implies the highest possible target for Wave F can be 4531 + 459 = 4990, Will the Expansion tendency play out? There is also one more possibility exists by observing that after Wave C, expansion tendency is seen. If Wave F goes beyond 4531 + 569 ( Length of Wave E ) = 5100, in this case Wave F may JUST cross 5099 by few points. If Wave F is larger E, the price of Wave G needs to be larger than Wave F. In such a case we will analyze price of 'G' after conclusion of Wave F. CONCLUSION I will wait with interest for 4850, the level at which I see Trade Set Up. For 9th Jan.2012 I will go for Long at current level or at any of the level such as 4700 /
MURU (1/8/2012 1:05:12 PM): 4712 / 4724 for a target of 100 points from the day low. Here I am implying, market may toruch 4700 / 4712 / 4724 in the morning session of 9th Jan2012 If market is not giving chance for my long entry I will wait for my Trade Set up near 4830 / 4850 area to initiate Short.
kailash Chaturvedi (1/8/2012 1:06:39 PM): from where u are copying it
kailash Chaturvedi (1/8/2012 1:06:54 PM): on any site or blog
kailash Chaturvedi (1/8/2012 1:07:25 PM): 42 5100 4720
kailash Chaturvedi (1/8/2012 1:07:40 PM): 4830
MURU (1/8/2012 1:08:34 PM): THIS IS REGULARLY SEND ME FROM MY FRIEND
kailash Chaturvedi (1/8/2012 1:08:50 PM): this write up is coming from which chart
MURU (1/8/2012 1:09:41 PM): LATTER I WILL SEND YOU TO YOUR MAIL
kailash Chaturvedi (1/8/2012 1:10:50 PM): r u having my mail id
kailash Chaturvedi (1/8/2012 1:11:18 PM): coz it is quite difficult to corelate atmsgr
MURU (1/8/2012 1:11:48 PM): BUT ONLY QUESTION IS IN THIS MARKET CONDITION TECNICAL ANALYSYS WILL WORKOUT OR NOT
MURU (1/8/2012 1:12:01 PM): PLS SEND ME YOUR MAIL ID
kailash Chaturvedi (1/8/2012 1:12:19 PM): kalash123p@yahoo.co.in
MURU (1/8/2012 1:12:58 PM): OK.I WILL SEND U JUST 10 MIN
MURU (1/8/2012 1:32:46 PM): Just forwarded to you from my another id
MURU (1/8/2012 1:38:52 PM): first one your mail id i coppied from your message, i letter missed. now sent back again
kailash Chaturvedi (1/8/2012 1:39:23 PM): ok
kailash Chaturvedi (1/8/2012 1:42:18 PM): now seen
kailash Chaturvedi (1/8/2012 1:42:30 PM): i just noticed 1 thing
MURU (1/8/2012 1:43:12 PM): your observation
kailash Chaturvedi (1/8/2012 1:43:28 PM): not observation
kailash Chaturvedi (1/8/2012 1:43:59 PM): i m seeing nifty is developed new trading range 4600 to 4800
kailash Chaturvedi (1/8/2012 1:44:10 PM): and trading in it
kailash Chaturvedi (1/8/2012 1:44:29 PM): since mid nove
kailash Chaturvedi (1/8/2012 1:44:54 PM): traded only 5 to 7 sessions out of range
MURU (1/8/2012 1:45:21 PM): yes.
kailash Chaturvedi (1/8/2012 1:45:42 PM): so channel break is not easy at present
kailash Chaturvedi (1/8/2012 1:46:29 PM): i think will stay in it for few more sessions
kailash Chaturvedi (1/8/2012 1:47:37 PM): channel break is only possible if rbi will cut rates
MURU (1/8/2012 1:47:49 PM): may be.... Infosis and wipro qtly results willcome next week mkt player is waiting for 24 th jan RBI polycy
MURU (1/8/2012 1:48:54 PM): most propably rbi polycy will favour to mkt
kailash Chaturvedi (1/8/2012 1:49:53 PM): but global cues are not favoring today
MURU (1/8/2012 1:51:47 PM): yes larger trend analysis says sensex support @ 12500 and nifty 3900 on middle 2012
MURU (1/8/2012 1:53:06 PM): and again 2012 end sensex will touch 16500/17500
kailash Chaturvedi (1/8/2012 1:53:28 PM): see middle u can predict
kailash Chaturvedi (1/8/2012 1:53:43 PM): but how u can predict at end
kailash Chaturvedi (1/8/2012 1:54:10 PM): how u can say that at end will see 16k
MURU (1/8/2012 1:56:23 PM): they give the reson intrest rate cut, foregin single investor entry, they told now also
MURU (1/8/2012 1:56:55 PM): stock specific movement
kailash Chaturvedi (1/8/2012 1:58:22 PM): so it won't fall below 4600
kailash Chaturvedi (1/8/2012 1:59:34 PM): 4600 giving nice support
MURU (1/8/2012 2:00:07 PM): according to ICICI DIRECT. COM PREDICTION mkt support will@ 12500 on middle 2012
kailash Chaturvedi (1/8/2012 2:00:54 PM): if 4600 will be broken nexr support looks at 4k
MURU (1/8/2012 2:03:22 PM): yes. i read some tamil financial articles also they mentioned 2012 middle will be mkt down again 2013 mkt will be good arround sensex 17500/18000 level
kailash Chaturvedi (1/8/2012 2:03:52 PM): ok
MURU (1/8/2012 11:06:23 AM): Last two days more work, so can't contact you
kailash Chaturvedi (1/8/2012 11:06:43 AM): but today is off na
MURU (1/8/2012 11:07:49 AM): untill 1 pm we working, now here the time is 12.37
kailash Chaturvedi (1/8/2012 11:08:03 AM): so 13 min left
kailash Chaturvedi (1/8/2012 11:08:10 AM): 23
MURU (1/8/2012 11:08:48 AM): yes but almost finished to day work.
kailash Chaturvedi (1/8/2012 11:08:54 AM): ok
kailash Chaturvedi (1/8/2012 11:09:14 AM): so now u can concentrate on mkt analysis
MURU (1/8/2012 11:10:25 AM): yes. leaving to house 1.00pm , planning to analysis after 3.00pm
kailash Chaturvedi (1/8/2012 11:10:56 AM): how far is ur home frm office
kailash Chaturvedi (1/8/2012 11:11:15 AM): and can u not trade urself online
MURU (1/8/2012 11:12:11 AM): i expect up move will come up to 4850 if it cross 4990 is the tgt
kailash Chaturvedi (1/8/2012 11:12:46 AM): since last 4 sessions
kailash Chaturvedi (1/8/2012 11:13:00 AM): momentum is diminished
MURU (1/8/2012 11:13:20 AM): 10km. 20 min driving time
kailash Chaturvedi (1/8/2012 11:14:13 AM): and all 4 candles... nifty candles are not giving nice healthy signs for bulls
kailash Chaturvedi (1/8/2012 11:15:08 AM): so bulls are impatient
MURU (1/8/2012 1:02:39 PM): i will send you EW ANALYSIS
MURU (1/8/2012 1:02:57 PM): On 6th Jan. 2012 market has resolved my doubts whether the on going movements in the market is whether Wave 'E' or Wave 'F'. It has led to change my labeling and accordingly price target is given below.
MURU (1/8/2012 1:03:30 PM): May be current phase of upward movement will get over either on 9th Jan '12 / 13th Jan '12 After touching 4850, the possible highest target, market trend will reverse to play out Wave 'G'. WAVE A = 5700 - 4720 = 980 - 23 Days WAVE B = 4720 - 5382 = 662 - 41 Days WAVE C = 5382 - 4639 = 743 - 18 Days WAVE D = 4639 - 5099 = 460 - 9 Days WAVE E = 5099 - 4531 = 568 - 9 days In the Directional Path, Wave A > Wave C > Wave E. OR Wave E< Wave C < Wave A The above logic implies Wave G may be smaller than Wave E. We will work out the target after completion of Wave F. May be 4850-567 = 4283.( Maximum possible target ) Though it is too early to conclude, I have worked out this for academic interest and to satisfy our curiosity. Since the current price is nearer to Trend Li
MURU (1/8/2012 1:04:15 PM): In the Non Directional Path In the non directional path Wave F will be smaller than Wave D since Wave D is smaller than Wave B. It implies the highest possible target for Wave F can be 4531 + 459 = 4990, Will the Expansion tendency play out? There is also one more possibility exists by observing that after Wave C, expansion tendency is seen. If Wave F goes beyond 4531 + 569 ( Length of Wave E ) = 5100, in this case Wave F may JUST cross 5099 by few points. If Wave F is larger E, the price of Wave G needs to be larger than Wave F. In such a case we will analyze price of 'G' after conclusion of Wave F. CONCLUSION I will wait with interest for 4850, the level at which I see Trade Set Up. For 9th Jan.2012 I will go for Long at current level or at any of the level such as 4700 /
MURU (1/8/2012 1:05:12 PM): 4712 / 4724 for a target of 100 points from the day low. Here I am implying, market may toruch 4700 / 4712 / 4724 in the morning session of 9th Jan2012 If market is not giving chance for my long entry I will wait for my Trade Set up near 4830 / 4850 area to initiate Short.
kailash Chaturvedi (1/8/2012 1:06:39 PM): from where u are copying it
kailash Chaturvedi (1/8/2012 1:06:54 PM): on any site or blog
kailash Chaturvedi (1/8/2012 1:07:25 PM): 42 5100 4720
kailash Chaturvedi (1/8/2012 1:07:40 PM): 4830
MURU (1/8/2012 1:08:34 PM): THIS IS REGULARLY SEND ME FROM MY FRIEND
kailash Chaturvedi (1/8/2012 1:08:50 PM): this write up is coming from which chart
MURU (1/8/2012 1:09:41 PM): LATTER I WILL SEND YOU TO YOUR MAIL
kailash Chaturvedi (1/8/2012 1:10:50 PM): r u having my mail id
kailash Chaturvedi (1/8/2012 1:11:18 PM): coz it is quite difficult to corelate atmsgr
MURU (1/8/2012 1:11:48 PM): BUT ONLY QUESTION IS IN THIS MARKET CONDITION TECNICAL ANALYSYS WILL WORKOUT OR NOT
MURU (1/8/2012 1:12:01 PM): PLS SEND ME YOUR MAIL ID
kailash Chaturvedi (1/8/2012 1:12:19 PM): kalash123p@yahoo.co.in
MURU (1/8/2012 1:12:58 PM): OK.I WILL SEND U JUST 10 MIN
MURU (1/8/2012 1:32:46 PM): Just forwarded to you from my another id
MURU (1/8/2012 1:38:52 PM): first one your mail id i coppied from your message, i letter missed. now sent back again
kailash Chaturvedi (1/8/2012 1:39:23 PM): ok
kailash Chaturvedi (1/8/2012 1:42:18 PM): now seen
kailash Chaturvedi (1/8/2012 1:42:30 PM): i just noticed 1 thing
MURU (1/8/2012 1:43:12 PM): your observation
kailash Chaturvedi (1/8/2012 1:43:28 PM): not observation
kailash Chaturvedi (1/8/2012 1:43:59 PM): i m seeing nifty is developed new trading range 4600 to 4800
kailash Chaturvedi (1/8/2012 1:44:10 PM): and trading in it
kailash Chaturvedi (1/8/2012 1:44:29 PM): since mid nove
kailash Chaturvedi (1/8/2012 1:44:54 PM): traded only 5 to 7 sessions out of range
MURU (1/8/2012 1:45:21 PM): yes.
kailash Chaturvedi (1/8/2012 1:45:42 PM): so channel break is not easy at present
kailash Chaturvedi (1/8/2012 1:46:29 PM): i think will stay in it for few more sessions
kailash Chaturvedi (1/8/2012 1:47:37 PM): channel break is only possible if rbi will cut rates
MURU (1/8/2012 1:47:49 PM): may be.... Infosis and wipro qtly results willcome next week mkt player is waiting for 24 th jan RBI polycy
MURU (1/8/2012 1:48:54 PM): most propably rbi polycy will favour to mkt
kailash Chaturvedi (1/8/2012 1:49:53 PM): but global cues are not favoring today
MURU (1/8/2012 1:51:47 PM): yes larger trend analysis says sensex support @ 12500 and nifty 3900 on middle 2012
MURU (1/8/2012 1:53:06 PM): and again 2012 end sensex will touch 16500/17500
kailash Chaturvedi (1/8/2012 1:53:28 PM): see middle u can predict
kailash Chaturvedi (1/8/2012 1:53:43 PM): but how u can predict at end
kailash Chaturvedi (1/8/2012 1:54:10 PM): how u can say that at end will see 16k
MURU (1/8/2012 1:56:23 PM): they give the reson intrest rate cut, foregin single investor entry, they told now also
MURU (1/8/2012 1:56:55 PM): stock specific movement
kailash Chaturvedi (1/8/2012 1:58:22 PM): so it won't fall below 4600
kailash Chaturvedi (1/8/2012 1:59:34 PM): 4600 giving nice support
MURU (1/8/2012 2:00:07 PM): according to ICICI DIRECT. COM PREDICTION mkt support will@ 12500 on middle 2012
kailash Chaturvedi (1/8/2012 2:00:54 PM): if 4600 will be broken nexr support looks at 4k
MURU (1/8/2012 2:03:22 PM): yes. i read some tamil financial articles also they mentioned 2012 middle will be mkt down again 2013 mkt will be good arround sensex 17500/18000 level
kailash Chaturvedi (1/8/2012 2:03:52 PM): ok
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