Thursday, May 14, 2009

c down wave nifty following

yes market behaved same way as we have pointed in last 2 day back report
taken supprot area from A and went upto B high
in 2 days .
3rd is reversal day expected
now c down wave is on card
lenth of C wave will be more than A wave
plz note that
THIS is bull market correctin so..avoid lower side shorting..
cover on lower side and sell on uper side
allaways recovery wil come
(usual tendecy of marekt in corrective wave)
overall chiosity of market tells us advance news
some uncertintiy in polictal /hang parliament each day new statment of THE great poltician
let us see...
watche these lelve for day trading purpose
S&P CNX NIFTY* RC Wave* stoplls :3,642 next day_Short bellow :3,628.06
next day lower target >3,605>>3,567>>>3,544




Tuesday, May 12, 2009

nifty 4 th down wave progressing


yes market behaved same way as human mass psychology
every thing is under systematic and following EW thory
in last report we had told wait for next 2 days
market moment will cool off and bear willl be winner
it happend same .
now this is 3 rd day consucutive decline near term some support area looks A WAVE
and will agian some upside as B WAVE
then again C down wave..termination of 4th corrective wave
S&P CNX NIFTY *RC Wave* stoplls :3,637 Short bellow :3,601.99lower target WLT1>3,545>>3,452>>>3,395
last reprot clint have advisid to take 3500 put or sell 3750 call option..
hope all of enjoyed. it


Saturday, May 9, 2009

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Friday, May 8, 2009

LALOO IN HELL........HOW??

Once SONIA GANDHI, L.K. Advani and Laloo Prasad Yadav were travelling in an autorickshaw. They met with an accident and all three of them died. Yama Raja was waiting for this moment at the doorstep of death.
He asks Mrs GANDHI and Advani to go to HEAVEN.
But, for Laloo, Yama had already decided that he should be sent to HELL. Laloo is not at all happy with this decision.
He asks Yama as to why this discrimination is being made. All the three of them had served the public. Similarly, all took bribes, all misused public positions, etc.
Then why the differential treatment?
He felt that there should be a formal test or an objective evaluation before a decision is made; and should not be just based on opinion or pre-conceived notions.

Yama agrees to this and asks all the three of them to appear for an English test.
Mrs GANDHI is asked to spell " INDIA " and she does it correctly.
Advani is asked to spell " ENGLAND " and he too passes.
It is Laloo's turn and he is asked to spell " CZECHOSLOVAKIA ".
Laloo protests that he doesn't know English.
He says this is not fair and that he was given a tough question and thus forced to fail with false intent.

Yama then agrees to conduct a written test in Hindi (to give another chance assuming that Laloo should at least feel that Hindi would provide an equal platform for all three).
Mrs GANDHI is asked to write "KUTTA BOLA BHOW BHOW". She writes it easily and passes.
Advani is asked to write "BILLY BOLI MYAUN MYAUN". He too passes.
Laloo is asked to write "BANDAR BOLA GURRRRRR....." Tough one. He fails again.

Laloo is extremely unhappy.
Having been a student of history (which the other two weren't),he now requested for all the 3 to be subjected to a test in history
Yama says OK but this would be the last chance and that he would not take any more tests.
Mrs GANDHI is asked: "When did India get Independence ?".. She replied "1947" and passed.
Advani is asked "How many people died during the independence struggle?".
He gets nervous. Yama asked him to choose from 3 options: 100,000 or 200,000 or 300,000. Advani catches it and says 200,000 and passes.
It's Laloo's turn now.. ' ' ' ' Yama asks him to give the Name and Address of each of the 200,000 who died in the struggle. Laloo accepts defeat and agrees to go to HELL.
Moral of the story: IF YOUR MANAGEMENT HAS DECIDED TO SCREW YOU, THERE IS NO ESCAPE. .... ... :-)

Wednesday, May 6, 2009

extended 3rd up wave progressing



nifty charts is self expalanetry one eod basis
we are progressing towards end of extended 3rd up wave..
that is called 5th of 3rd wave..bull vs bear war jone and bear will be winner
require 1-2 days more to upmoentum co0ll off
till that period both side movement.
keep profit booking on longs
..since nifty has already achived all target zone one weekly basis.....
dontexpect much upside.
selling higher call option 3750 s safest stergies instead of naked short future or taking put and hold up...if some point goes more upside or if stay in range for 1-2 days
then take 3500 put option
as rule of convertion says
shorting a future = selling a call option+buying a put option