You must
read previous articles and watch above chart carefully to understand this
article completely.
I have
already stated the fall may begin from 29 May 2012’s second half. Most
important is that we remain away from 5040 resistance levels. It exactly moved
in that manner. We are on the third day of trade today. SGX is giving all sign
of gap down opening.
Its true
that for intraday it tend to generate some levels which save fall for intraday
for majority of trading session and reacting in last 20 minutes only. This is
strongly a troubling days for traders. You all know how tough it is.
Read the
above chart and watch the given levels for today’s trading session. I strongly
believe on ratio analysis and here are some crucial details.
Take a
recovery wave i.e. a-b-c. From 4789 to 5020 (Note that we have successfully
forecasted those on time or before time). Taking retrenchment few important
levels are as follow-
- 4932 – Very obviously, it will
not be visible in opening minutes.
- 4904 – Gap down will give you
opening near to those. (Consider 3-4 points of approximation)
- 4877 – It will be the result on
the failure of 4904 on decisive break.
- 4843 – If panic hit the market
then you can expect fall up to 4843. Do not forget that we are on expiry
day so nothing is impossible.
Why I
said earlier that 5040 will not be tested?
Reason
– Make a count of 50% of down wave from 5279 to 4789. It ended @ 5034. (I do
not want to force you to believe me. Believe the study).
You
can note that I put the 5 wave count beginning from 5279 only and end up the 5th
wave at 4789. (All levels were successfully predicted before they hit).
Now
we were in a-b-c corrective up wave.
I am
repeating this again –
“Look at
time cycle. We had 13 days of fall and then 8 days of rise. (13 and 8 are
Fibonacci numbers). Up coming down cycle may have a life of 1, 2, 3 or maximum
5 days. I will update more about the same in my intraday analysis or tomorrow.”
Depending
on market condition we will release intraday updates too. Till that time, you
can post your views also so that I can present better result for you. Intraday
posts are available on www.viecapital.com
only.
Read
www.viecapital.com for stocks views
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Thanks
& Regards,
Praveen
Kumar
Mail id –
Praveen@viecapital.com
Mobile
number – 09893369889
