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[amitt29]

Hi all,its late in the night,
But i felt i shud post it.Seniors can correct me if i am wrong.
These are my observations not trading calls.
On the immediate upside 3170-3215 is a good level to hold and close.On this Nifty can go above 3230-3250-3277.
A consistent close above 3210 is needed for that
On the downside the levels to hold wud be 3121-3085-2960.
Bye.

 

[amitt29]

Hi,
Have a look at these.
http://www.elliottwave.com/features/default.aspx?cat=mw*aid=2491*time=pm
Only thing concerns me here that the consumption has gone up as well.

And this
http://www.elliottwave.com/features/default.aspx?cat=pmp*aid=2492*time=pm

Regards
Best to Your Day.

 

[amitt29]

The pivots held for a while.
I forgot to add that the levels mentioned have financial risks,these are for academic purposes only.

 

[amitt29]

The levels from 3083 to 2960 have a long gap.
The important points here wud be 3053-3034-3019.
Best to ur Weekend.

 

[SGM]

Hi amit,

During the chat session yesterday night (or was it erly morning ) u had promised a dhamaka post mid session, it did play out.

Where do we go from here? And what should we expect on 10th?

Regards
Sanjay

 

[amitt29]

Hi Sanjaybhai,good to see somebody replying.
Its anybodys guess from here .
But keeping tight stop losses and not getting cocky will be the name of the game.Markets humble everybody and we shud learn everyday and evolve.
As we had concluded the important levels played out. Now 3050-3014-2988-2960-2926 shud be the logical follow ups.
Warm Regards.
Amit.

 

[SGM]

Hi Sanjaybhai,good to see somebody replying.
Its anybodys guess from here .
But keeping tight stop losses and not getting cocky will be the name of the game.Markets humble everybody and we shud learn everyday and evolve.
As we had concluded the important levels played out. Now 3050-3014-2988-2960-2926 shud be the logical follow ups.
Warm Regards.
Amit.

Hello Amit

Friend plz give levels on both sides. We never know on monday and the week ahead mrkts may just need the ladder to climb. or should we use 3085-3121-3170-3215 by refering to your earlier posts.

Warm Regards
Sanjay

 

[gvnarendra]

hi all,

some technical stuff.might be helpful for some.
todays down move might have come off a very good setup.first of all an upward looking wedge was present from a long long time.trend channel was cracked yesterday and retested today forming a H&S pattern.after the crack of the neck line there was a hard selloff.This down move can come down well in a five wave pattern.down move might be negated by a rebreak of the neckline.the chart is self explanatary.

n hey amitt nice foresight of todays gapup and selloff

regards,
gvnarendra

 

[amitt29]

Sorry Guys was getting disconnected due to Broadband problem,when it became ok all of u were not there.
Hope u ppl didnt mind.
Will try to catch u later.
Bye
And have a nice weekend all.

 

[amitt29]

Thanks GV.
Yes,3115-3120 may be where the shorts may again come.Furthermore a retest of a lower pivot cant be ruled out ie 3050-3014.Then a rebound from short term oversold levels.I am working on more pivots.Need more time to think and apply myself.
Warm regards.
Note:This is not a trading call,and is only for academic purpose.