Apologies to everyone

Apologies to all readers, i have not been posting on blog and have also not been able to reply.

Its just that there was loads of work at my Day Job so had to skip blogging, but assure u all posts shall be regular will have stocks along with index. Also, planning to add some fundamental stuff, not sell-side perspective but rather a buy-side one.

Following are comments i have received on blog, I shall reply to these as well..

Once again i apologize all the readers.

Manish said...

Vivek, you area chartered accountant and a practitioner of TA as well. Which one wud you advocate for tarding - Fundamental or technical for a budding trader....

March 16, 2010 6:18 PM

forex-cat said...

Goog blog!! Good analysis!! Thank you. Please hold out in the future. I has put your link on my blog: forex chart analysis and a cat ...(I'd be pleased if you exchange reciprocal link with me.)

March 23, 2010 11:50 AM

Anonymous said...

Vivek you sure have style. Enjoyed your blog. You will agree that Elliott wave study is the only study that gives you stop-loss for all and any of your observations. Its strange you have non on your blog. Any observation without a stop loss is against the basic principles of elliott wave.

March 23, 2010 10:08 PM

kgnsgroup said...

dear vivek, i am dr. gupta. could u post nifty wikly chart elliot wave count. i think it is 5th wave continuation am i right, kindly explain. thanking u dr. nishikant gupta indore

March 28, 2010 

I will post reply to all the above comments.

Totally swamped in some other work..

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students

Ending Daigonal possible..

Will add comments later..

this is updated count..

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students

Elliott Wave Update : Dated 12 March 2010

I had a target of 5200 on wave 2 as in my previous post, However, there was an inverted HnS, which has target of 5200, which retraces 80% of wave 1, which is quiet possible as wave 2 can retrace 99% of wave 1. We are having a zigzag formation for wave 2 and proper inverted head and shoulder (refer chart) whose target works out to 5200.

Currently we may have finished wave (iv) of wave c of wave 2. The 4th wave was a triangle and triangles are followed by thrusting action. This thrusting action, can take wave v to reach ard 5200. Plus we are witnessing a topping structure based divergence on RSI (14) and Nifty hourly.

Further, refer Timamo Post: Toppish Signs where a very good analysis of advance decline ratio is given.  

Refer chart:

These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students

RIL: Once again, HnS or Falling Wedge

RIL is making a HnS and a Falling Wedge.
Refer chart for comments:
Corrections on Chart time frame, its 10 min chart, with moving average negative crossover.
HnS  in place and Falling  Wedge

: These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students

Nifty Elliott Wave Count dated 3 Mar 2010

Posting Nifty Wave Count..

For now, i am still bearish, last few days busy in office, so not updated blog and missed the wave c rally of wave 2, which is what i am currently having in place. Anyways, I think markets had completed Wave 1 down at 4667, and the rally from there has been Wave 2 subdivided in a-b-c. Currently, the rally has retrace 61.8% and a = c. However, there was an inverted HnS, which has target of 5200, which retraces 80% of wave 1, which is quiet possible as wave 2 can retrace 99% of wave 1.

Assuming today's price action was end of wave 2, then we can see wave 3 at level of 4486 where wave 3 = wave 1 and 4100 where wave 3 is 1.618 times of wave 1.

If, nifty retraces to 5200, then wave 3 at level of 4574 where wave 3= wave 1 and 4186 where wave 3 is 1.618 time of wave 1.

If 5300 is taken out, then count changes. Lets see that when market crosses that level.

Nifty Chart:

This analysis is purely academic, i am not trading currently, please take right trading decisions.


These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
We are all students