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ajeetsingh

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Astrology concept:

Recovery from the depths of 5478!
Wave A of the correction from 6111.80, had ended at 5478 and wave B had begun.

















ab and c waves in the daily chart which constitute wave A of the corrective bigger wave B has evolved as an elongated zig zag and has clocked 422 points so far.5972 is an important resistance area and from thereabouts we expect wave B of B to commence downwards. Since wave A down from 6111.80 has consumed 52 trading days, this wave B also may consume similar time if not more.On the other hand since a new time cycle is forming the wave may also shorten. We need to get confirmation for this.
we have rallied right into the full moon which also happens to be a lunar eclipse.And April 29 also happens to be a planetary reversal period.It is time to be cautious on longs. All we have to do is to have a tight trail with a 20 point stop loss for longs. Once Nifty closes below 5850, then fresh shorts may be taken, on rises.
 
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ajeetsingh

Well-Known Member
Gann concept:
Nifty Spot
Again we are now very close to an important resistance level, be careful. According to me 5970 will be the next trend decider.
So next Gann resistances for spot prices are @ -5970-6111 and supports stands for-5775-5700.
IInd pressure date for the month of April is around 29th April 2013.


 

TraderRavi

low risk profile
5900 put ka kya hai re, koi batao @ 14 ........
made some bucks in 5900 ce, earlier loss in 5900 put and bnf puts/calls both....bnf premium eating chalu hai....
1400 in loss so far(earlier loss was 4500), lookslike ye expiry bhi in loss.........:mad:
got some bucks in down move ......now today breakeven...........:(
big loss..........bnf ki #@$%#%$#
on expiry day was my last chance to come back in this april month , all I needed was a good trade which did not get cause nifty moved in a 10 point range whole day , there came a very gud chance when @ 2:30 nifty fell , I was eating lunch that time......missed that move by 5-6 mins ......I was thinking to buy 5900 PE @ 10 ..........it reached 40 afterwards.........in the last 45 mins, bot OTM BNF first put then call both became zero, as BNF moved in 12650-750 range......so this was the loss............and the loss amount was exactly what I needed to come in green.......:annoyed:
 

ajeetsingh

Well-Known Member
on expiry day was my last chance to come back in this april month , all I needed was a good trade which did not get cause nifty moved in a 10 point range whole day , there came a very gud chance when @ 2:30 nifty fell , I was eating lunch that time......missed that move by 5-6 mins ......I was thinking to buy 5900 PE @ 10 ..........it reached 40 afterwards.........in the last 45 mins, bot OTM BNF first put then call both became zero, as BNF moved in 12650-750 range......so this was the loss............and the loss amount was exactly what I needed to come in green.......:annoyed:
 

ajeetsingh

Well-Known Member
DEMA concept

Todays Nifty Future's Resistance @ 5930 if trades above this level
With volumes then will see 5950 & 5970
Very crucial & hurdle level is 5970 !!!!
Todays Supports are @ 5900 & 5870 levels and final 5825.
Nifty's honeymoon is sooner going to over.
 
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