Chart posted yesterday has been changed with regards to EW sub wave counts though the Technical outlook and probable Impact remains the same.
The old chart stands invalid and the one below is in consideration now.
Good Days are round the corner for the prudent Technical Traders. Lets check out- Why ?
General Election 2014 Results are poised for May 16th which may give a good move in the Short Term and clear the Major Trend ahead for the Medium Term Time Frame.
Check the Technical Probabilities ahead -
Check out a Bullish Probability -
Stock Markets have closed at the Highest Weekly Close level of 2013 and are quite near to Yearly and all time Highs. Lets check out the probabilities at this stage-
Nifty resisted in the 6075-95 zone as updated in the last post. Now we have a very Bearish Probability on cards which also is suggested by the Bank Nifty leading index.
Let's check out the different Time frames and Probabilities for Trading -
Nifty is at crossroads in the Short Term . Has it reversed for Upmove or still the Corrective continues ??. Lets check out the probabilities ahead in near term trading.
Nifty continues in the corrective mode as the insight analyzed from last many weeks . Below are charts with comments for the probability that may lie in future. Please go through them carefully.
The bounce materialized from the support zone of 5220-5190 . The short term Uptrend looks strong but is it a corrective bounce only or something bigger ?. Lets check out the probabilities -
Nifty is slowly grinding up on weekly basis with no correction of consequence . The indicators in different time frames are showing negative diversions wrt the price movement along with a completion of a wave count . What to expect next -
Nifty reacted from the resistance zone of 5225-5265 as seen in the last post . The downside was not much and almost paired the losses completely. Now let us check the probability that may be unfolding in the short term -
