Nifty and Sensex Wave Count

Sensex and Nifty chart:

This is an entire Sensex count i feel.

I was earlier inclined to think that the rise from 2009 lows till now and the fall from 2008 was a flat ABC structure of wave IV of some degree. However, the longer term sensex chart makes me want to think that things are different. Currently, I think we are in the process of ending Wave V in India.

Based on the charts attached, I think there are two possibilities:
1. We have completed wave V of larger CYCLE / SUPERCYCLE degree (I am bad at assigning cycle degrees); that would be a truncated 5th wave from the bottom in 2009.
2. Other option is, if Friday's and the crucial lows of 5100-5200 zone hold, we might see an upside; which I believe shall be a blow-up top given decaying fundamentals, worse economic situation and backed by phony money called 'QE 3'.

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

Nestle India

Nestle India: Refer notes on the 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

Nifty Analysis: Oscillators and Elliott

Nifty at key supports: refer the chart
EOD Chart:

30 minute: bit longer term:

Nifty 30 min: close up of the wave structure:

India Vix: for added information:

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

US Market Ready for next flight to stratosphere

Here is nasdaq and snp 500

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

The Grains Post

Here is a look at key Grain charts globally:

1. Rice
2. Oats
3. Soybean
4. Wheat

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 Dated 20 Apr 2011

Nifty seems to be headed for new highs; at least the wave suggests that for now.

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 all students

Silver Quick Post: Hourly Chart

Here is a quick post on Silver: Hourly 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

Nifty and Banknifty Elliott Wave

Hi Reader,

I have been off with my posts; and i apologize for the delays in the posts. I have being busy with the book "Technical Analysis for Trading Professional". And yes as usual I recommend that book. :P

OK; with today stellar move on the Nifty; I think Nifty is headed up from here. Moreover, Nifty has bounced from its 200 day simple moving average. The candle with high volume is pretty supportive for a rally from here.

Here is the wave count:

 Moreover, now in continuation with the my earlier post on Bank Nifty; this is a further update. On EOD Bank Nifty is still in strong upmove. 

Bank Nifty EOD:

Bank Nifty : Hourly

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

Metals Stock: Are they entering wave 3 now

The metal stocks seem to be headed in Wave III now.

The likes of SAIL, JSWSTEEL and STER seem to be entering into Wave III upmove.

Following are the wave counts:

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

Adani Enterprises: Inverted Head and Shoulders

The weekly charts look very promising.
Here is Adani ent.

Weekly chart: Close Up: Major weekly EMA crossover, support from key high volume weekly candle, nice weekly breakout from a trianglish decline, MACD crossover.

Bit a longer term chart now:

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

Piramal Health: On long term support.

Here is the Piramal Health. This stock looks on a long term trendline support.

Damn this stock if takes supports here, its headed to the moon.

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

MCLEODRUSSEL: Elliott Wave

McLeod Russel is all set to head to moon. The stock is making possibly a 'continuation head and shoulder'. I reckon the stock which is now trading at Rs. 260 can reach 400. In fact on a longer term, i am turning to be a major bull on the stock.

Here is the chart daily and weekly:

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

CENTURY TEX: Elliott Wave Analysis

CenturyTextiles seems headed to the moon.

Here is the wave 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

CNXITIN: Elliott Wave Analysis

The last few days move up on Nifty has reached to invalidate the older Bearish count on Nifty. Some time back, considering the strong support that Nifty has, I was open to further bullishness on Nifty going forward. This was the link and the chart. I think this is a probability and a rather strong one that we are moving in to higher trajectory.

Honestly, the one indicator I had talked about here in this post and this chart; was then suggesting that we are far too oversold and we shall be moving up. But now with the moves and the channel breakout, I am comprehending this to be true.

As I mentioned in the indicator chart, i am keeping my finger crossed. I am looking at the Index charts - CNX IT Index chart and Bank Nifty, both are suggesting we are going to move up.

Right now here is the chart for CNXITIN:

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

Ranbaxy: A Relook - Elliott Wave Analysis

In continuation with previous post titled "India Pharma Focus"  and the Ranbaxy Chart. I think we are more or less headed to for wave v lower on Ranbaxy with today's 7% move down. Let us see if the trendlines hold.



Here is the latest update on the wave count.

Aurobindo Pharma: Elliott Wave Look

In continuation with previous post titled "India Pharma Focus"  and the Aurobindo Chart; I think we are more or less headed to wave 2 / B completion soon.

Here is the latest update on the wave count.

A closer look at AUROPHARMA: Today the stock has made an inside day.

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

HIndustan Zinc - Elliott Wave Count

HINDUSTAN ZINC

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

ITC and Infosys : Elliott Wave Count

I have been rather bearish on INFY and ITC.

Here are the latest charts for Infy and ITC.

1. ITC

2. INFOSYS 

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

India Pharma Focus

I have no idea what our pharma companies do.. But, it seems many are about to lose their safe haven status soon. here is a look at Glenmark, Dr Reddy, Ranbaxy, Cipla and Aurobindo Pharma

1. Glenmark Pharma

2. Dr Reddy

3. Ranbaxy

4. CIPLA

5. AUROPHARMA

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

Commodities & Currencies Post: 7 Mar 2011

Here we go:

AUDUSD
EURO
GOLD
SILVER
COPPER

All notes on charts:

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