Nifty Futures Trading Part 2 (Positional)

[satyamsit]

Satyam
It is Nifty spot chart. Can we consider the waves as above ?

DADA u have taken the movement from the middle... u have to take it from extreme top... which will be corresponding to 4654 level in the future chart.

 

[orderflow13]

ALEX BHAIYA

1,1,2,3,5,8,13,21,34,55,89,144.. r fibo series.... except 1 1 2...
all subsequent numbers ratios 2/3, 3/5, 5/8 tends to .618... inversely 3/2,5/3,8/5,13/8 tends to 1.618 .. which is inverse of .618 . now alternate 2/5, 3/8, 5/13 tends to .382.... and inverse 5/2,8/3/13/5 tends to 2.618 which is a inverse of .382. and it applies to waves too... every ratio somes one by one ... and another mechanical proof. in any charting software... in retracement tool... there are always 161.8%...261.8% retracement also...

humm... ic so that numbers are inverse numbers ... got it

 

[mitasatyajit]

Viewing a different angle.

 

[satyamsit]

Today i have shorted it at 358... any view.. from any dadas? can i hold that?

 

[orderflow13]

i can see we already had 5 waves on monthly... how is it possible?

 

[mitasatyajit]

Today i have shorted it at 358... any view.. from any dadas? can i hold that?

BPCL weekly chart

 

[orderflow13]

satyamsit
on falling market rising peanut formation is bearish sign ..same is the case with ur chart .. is the sl/sar 61% line ?

 

[satyamsit]

i can see we already had 5 waves on monthly... how is it possible?

Bhaiya its the extension of third wave.... matlab its the 3rd wave got divided into 5 wave pattern of one lesser degree.

 

[satyamsit]

I have some kida of fibonacci numbers.... but believe me it has something in it.... just showing one chart of nalco weekly how it took support on 144 simple ema for last 5 year.... its one of the best chart still now... still higher tops and bottoms.

now its a big days for NALCO..posting now.... crr cut... funda-mental attacking .... lets see, what happens!!!!

 

[mitasatyajit]

Next Fib No. is 4.2360

So 6357 - 1180 x 4.2360 = 1358 which is allmost equal to the trendline support as posted earlier.

Cannot believe it right now. If so, upward movement can be started from there around 1st quarter 2011.