NIFTY ready to move up new High

Source-www.dreamgetsystem.in

In last nifty report we have expressed our view of nifty weekness ,market behaved from last 15 days same,

on time wise consolidation phase looks going on over ,as up couting in white colore has started .

so now down pending target is ruled out

go with current up mo momentum  

inner ivth is completed around red line and inner vth up wave of some kind of impulisve up wave is pending 

also time wise yellow or blue up counting  13 is pending  

closing above +5/8 level5 703 will lead market to new  high 5800 >6065 put trade stoplss 5650

Nifty Weekness Ahead

Source-www.dreamgetsystem.in

here minum requiremnet for no of sell setup bar  9 already completed
price +1/8 level is overbought level so have tendecy to fall and if cant close above +1/8 then have to come back further odd no of line up to +5/8
top reversal possibilty can be judged from Last G (gapup bar) ,market many times take u turn from 11 no of bars from last G or L
dreamget lower target is showing 5473>5373

NIFTY GEOMETRY

Source-www.dreamgetsystem.in

Nifty Behaved same -as  we have expressed our view in last Report  and followed prefered road map
now its near by on dreamget 2nd target level  5500. (target still pending ) so what  all price sturcture says?
1>usualy price get unbalaced at 2nd degree target , so near term DIP is expeted and reversal will be fast and sharp

2>  after white couting ,price is in trend exhaustion pattern - (blue -red couting that eather will end in 13 count)

3>to form range box  price need to  hit first Grey dot 5373- all long postion should be squared off if trading below  grey dot

4>hiting grey dot price will move towards 4/8 price percentage  area..(dreamget first target will be same around)

5> mazor sell patern will form when there will be bearish angulation patern ..- This will complete elliot inner five wave series


Traders are advised to sell call option of higher strike price  (this month - next month  to collect  maximum premum) on confirming reversal signal 

Crudeoil revised Wave count

In the last report we have  anticipated dn fall  some before  in aniticipaton of pattern will unfold in double corection but crude pattern unfolded in triple corection w x y x z   but our entery level did not get trigerd, as price did not hited our long traling stoploss (grey dot),very safe to act on grey dot when you r going to revrese trading

now pattern has more clear peacture..prcie is on 1.618 % area of first up swing, as price percentage wise 7/8 area 5468 is near term target,
its good to long exit in crude now and wait for confirm reversal signal , 

crude DP resistance area

source --www.dreamgetsystem.in

HIting greydot long stoploss  down momentam will complete main 4th wave ..double corection w x y  and  will start 5th dn wave .lower target 4821>4631 

Nifty Road Map

www.dreamgetsystem.in

nifty future behaved as per our  last  report http://rctrader.blogspot.in/2012/07/nifty-elliot-wave-report.html

now what??
if yesterday low 5107 not breached   then market will go in double correction .will prefer yellow road map then y up wave target will be 5325 near area later 5th dn will come
if breached yesterday low 51007  motion line will be down  will qualify in 5th dn wave possible target 4825
yellow road map is preferred road map let us say which way market move

GOLD-USDINR SOME FACTS

GOLD and USDINR Relation:
1) GOLD Comex Price constant: USDINR varies
At every One Rs depreciation or Appreciation in USDINR, Gold price at Indian exchange increase or
Decrease by approx. 525rs.

Illustration:
Suppose USDINR is 53rs and it depreciates to 54rs in the mean while COMEX Price of Gold Remains
constant at $1637.
Then Gold Price at Indian Exchange will Rise from 28310(@usdinr 53) to 28835(@usdinr 54)
Note: Vice versa of the strategy also holds good

2) GOLD Comex Price Varies: USDINR constant.

If USDINR is constant and gold price increases or Decrease by $1 than the price at Indian exchange will
increase or decrease by Rs17.

Illustration:
Suppose USDINR is 53rs and Comex Price of Gold increases from $1637 to $1638.
Then Gold Price at Indian Exchange will Rise from 28310(@1637) to 28327(@1638)

3) GOLD Comex Price Varies: USDINR Varies

1Rs depreciation in USDINR and fall of $30 in Comex price of Gold nullify the effect on Indian
exchange price of gold

Illustration:
Suppose USDINR is 53rs and it depreciated to 54 rs and meanwhile Comex Price of Gold fall from $1637
to $1607.
The price of Gold at Indian Exchange remains unchanged

SILVER HEADING TOWARDS 56000

NIFTY ELLIOT WAVE REPORT

NIFTY 5350 Dreamget 2ND degree Uper  target achvied ,usulay price get unbalanced at 2nd up target

now lower   level  5188 is intact..............

ON MOBILE 5TH DN COMPLETION

Wipro c up wave pending

 since our  price did not get trigered  cancel above trade..will do leveling again new wavecount

CRUDEOIL heading 4900?

BUY CRUDE OIL ON DIPS  ..CURENT PRICE 4610 ...OVER ALL WAVE STRUCTURE IS BULLISH , BUY ON DECLINE

USDINR corrective wave unfolded

Bhshanstel future time cycle complition

 Revised Short Entery  In Bhushan STEL  SHORT BELOW 458 SL 465  TARGET same

Wana Ride Maruti?

Maruti's new 800cc car to hit market later this year

1.47 pm | 26 Jun 2012 |  Source: PTI

Maruti Suzuki India is gearing up to introduce by the end of this year a new 800cc car that is likely to be more fuel efficient, but also more expensi.

Buy Maruti future above 1118 stoploss 1091 For Dremget Target 1195>1251