Budget & You

Short Term EW Probabilities

This Post is in continuation of the last post, where EW reference counts and insight were provided for different Time Frames. Here we discuss the Probabilities of the Short term TF in detail.

Reference EW Post for Nifty Trading

This will be my Reference Post for the trading in various Time Frames. Essentially it is the 'Surfing' of the 'Waves' and reaching an objective conclusion to understand what is in store for the future.

Waves are a source of delight and they can also cause enormous destruction. We need to understand how they form and  how they propagate and find ways to harness their energy safely.

Interesting Charts

This is a followup Post on the Technical Charts of Nifty which were posted on 15/02/11-
Check here -Interesting Charts

Please read the Charts below in the context that they were posted in the Post link above.

Break-Down

Yet another range break on the downside. It was expected that Nifty may trade in the 5400-5600 range till expiry today ,it did trade in the range till yesterday but gave a good breakout trade below 5400 today.
 

A Date With 'Expiry'

To keep the 'date' with the 'Expiry' week , following are my observations that may hold good till expiry on 24-02-11. (Friday excluded)

Dances with ' Wolfes '

We had a discussion on'Gaps' the other day in the comment section of a past post.
Recently I was watching the 1990 classic , 'Dances with Wolves' (starring Kevin Costner), It struck me to check out the 'Wolfe Waves' as the Daily chart flashed in front of me. Let's check it out .

Trading on 18-02-11

Today was a breakout day above the 2d high & 20dema  to target near 5560 level.
 

Sideways

Today was a low volume ,rangebound ,Sideways Trading Market .

Interesting Charts

Will the Charts show the Direction ahead ?

Next Is What ??

Let's try and analyze tomorrow and rest of the Week's trading with the available data.

Is This Rally Sustainable ??

Those who went shopping on Friday , got their Valentine's day Gift by Mr. Market today.

EW Analysis

The Elliot Wave Analysis is an effective Light house for me to keep my Trading Boat steady . It gives us probabilities by counting the waves and following the hard EW rules to see the coming weather (Trend). 

Note: I have edited this Post for the Alternate count subhead .The alternate count mentioned had been invalidated on trading below 5400 level . Please check the Post again.Thanks

Weekend Analysis

Let us gaze through the crystal ball for what lies ahead in the next Week's trade.
 

Market Picture

 

Will It be a Black Friday ???

 

Zor Ka Jhatka (The Big Jolt ) !!!

  UHYN978473N8

Key to Trade the Market

This post is an objective analysis of the Points of Invalidation of the current Downtrend in different Time frames. 'Follow the Trend' should be the basic mantra of any form of trading or the trading system,which will result in the Market blessings and money following your bank account.
 

Resources @

Dear Friends ,

I have added trading resources and utilities to the Blog (on the top of the sidebar ), under 'My Trading Diary'. It is a compilation of Intraday , EOD, General, News & Education links of various Websites and Blogs. The content will be updated regulary with new resources. Hope you find this useful , catering to your various trading needs.

Cheers !!

Volume Profiles of Top Traded Shares

Posting overview of the Volume Profiles (10d-60min.) of the Top Traded shares . Drawn some observations which may be helpful to trade the levels marked. Please use them in conjunction of other Indicators and Trading systems that u may be following with proper S/L .

Food For Thought

This Slide Show was in the Footer of the Blog .Posting it to be viewed and read ,sit back and think. U can click the 'menu' on the left corner and view it on full screen.

Market Picture

Review

Time to be Cautious and Flexible

Rangebound Trading Ahead ???

Trading on 02-02-2011