05 July 2012: Nifty Elliott wave analysis: Another dull attempt is likely to come towards 5343 levels. Longer it takes, higher is the chance of failure. Nifty has trading support @ 5260>5248>5209.

You must read previous articles and watch above chart carefully to understand this article completely.

(Strong precaution – apply long trading calls on just one condition – that is – if Nifty stand positive. I have mentioned SESAGOA and SBIN, must follow this condition before trade).

It is just not making sense about this kind of choppy trading sessions. Nifty is too silent near to the resistance of 5343. We got a crossover of 5209 in a gap up and then three days of silence. I cannot change my study on almost flat close. Wave count remains same as of now. Any advance above 5434 will ask the technician to change the levels.

For today also, 5317-5318 will play major role. If trades sustain above 5318 then only we can think about the test of 5343 else one can just expect support at 5260. Break of 5260 will push us towards 5248 too.

Best technical indicator of NIFTY: (You must note it) – 200 days moving average – Watch the trajectory. After 20 May 2011, it started rising from 5 June 2012 only. (It was not rising even in Jan-Feb rise). So the rally continues from 5 June 2012 itself.

First view is wave c = 1.618* a = 5343 (Already stated on Friday too in my intraday updates.

Second view is wave c =2.618* a = 5496 (Things can never be so simple in stock market as it looks on charts.)

Take another calculation, wave 1 = 4770.35 to 4898.95 = 128.60 points (Up)

Wave 5 has to comparable with wave 1 or wave 3.

Consider first with wave 1 – Wave 5 = 2.618* wave 1 = end up 5378. So we can say that 5378 will act as tougher hurdle to cross.

Let us explain with Wave 3 – 4847.70 to 5190.20 = 324.50 points (Up)

76.40 % rise from 5041.70 of wave 3 = 5288, which was roughly the high point of Friday’s trade.

I like to add one more point. This rally is running from 4770. From a top you need to put support at 38.20% as reversal point. Previously it was coming at 5029, now it is coming at 5090-5100 levels. Now, support if we see a high at 5343 then 38.20% will come @ 5125.

So you should look for 5343 as first hurdle and 5378 as second hurdle. Wave theory suggests that fifth wave advance can continue till 5343 but I am doubtful about 5378. Although I should not close any views completely so I will keep 5496 in my studies.

Our intraday update will begin from 9:30 am onwards and this article will be updated every hours. Do visit again at www.viecapital.com

(If you think that other readers should also read this article then recommend this on google by clicking g+ link given below).

Read www.viecapital.com for stocks views

Follow us on twitter a/c 'viecapital' to get intraday updates. Link – www.twitter.com/viecapital

Thanks & Regards,

Praveen Kumar

Mail id – Praveen@viecapital.com

04 July ’12 : Nifty Elliott wave Analysis: Wave theory has suggested for a move towards 5343 and support @ 5260. Attempt may fail for 5343.

You must read previous articles and watch above chart carefully to understand this article completely.

Nifty came at 5317 as high point. When I said yesterday for a dull attempt towards 5343, I was expecting this. Things remain same. We may see those attempts again. For today, if we manage to stand tall above 5317 then 5343 will have higher probability to be tested. 

Failure will cause a fall towards 5260 (>5248).  

First view is wave c = 1.618* a = 5343 (Already stated on Friday too in my intraday updates.

Second view is wave c =2.618* a = 5496 (Things can never be as simple in stock market as it looks on charts.)

Take another calculation, wave 1 = 4770.35 to 4898.95 = 128.60 points (Up)

Wave 5 has to comparable with wave 1 or wave 3.

Consider first with wave 1 – Wave 5 = 2.618* wave 1 = end up 5378. So we can say that 5378 will act as tougher hurdle to cross.

Let us explain with Wave 3 – 4847.70 to 5190.20 = 324.50 points (Up)

76.40 % rise from 5041.70 of wave 3 = 5288, which was roughly the high pointof Friday’s trade.

I like to add one more point. This rally is running from 4770. From a top you need to put support at 38.20% as reversal point. Previously it was coming at 5029, now it is coming at 5090-5100 levels. Now, support if we see a high at 5343 then 38.20% will come @ 5125.

So you should look for 5343 as first hurdle and 5378 as second hurdle. Wave theory suggests that fifth wave advance can continue till 5343 but I am doubtful about 5378. Although I should not close any views completely so I will keep 5496 in my studies. 

Our intraday update will begin from 9:30 amonwards and this article will be updated every hours. Do visit again at www.viecapital.com

Read www.viecapital.com for stocks views

Follow us on twitter a/c 'viecapital' to get intraday updates.

Thanks & Regards,

Praveen Kumar 

Mail id – Praveen@viecapital.com

Mobile number – 09893369889 

03 July 2012: Nifty Elliott wave analysis: A dull attempt is likely to come towards 5343 levels. Nifty has trading support @ 5260>5248>5209. It is not weak yet.

You must read previous articles and watch above chart carefully to understand this article completely.

It was another surprising dull day yesterday but now these are very common things. Practically it is impossible to trade on index. My study and view remains same. It means that I am still hoping for a move towards 5343 levels. Will it come or not? I am repeating same study for today also.

First view is wave c = 1.618* a = 5343 (Already stated on Friday too in my intraday updates.

Second view is wave c =2.618* a = 5496 (Things can never be so simple in stock market as it looks on charts.)

Take another calculation, wave 1 = 4770.35 to 4898.95 = 128.60 points (Up)

Wave 5 has to comparable with wave 1 or wave 3.

Consider first with wave 1 – Wave 5 = 2.618* wave 1 = end up 5378. So we can say that 5378 will act as tougher hurdle to cross.

Let us explain with Wave 3 – 4847.70 to 5190.20 = 324.50 points (Up)

76.40 % rise from 5041.70 of wave 3 = 5288, which was roughly the high point of Friday’s trade.

I like to add one more point. This rally is running from 4770. From a top you need to put support at 38.20% as reversal point. Previously it was coming at 5029, now it is coming at 5090-5100 levels. Now, support if we see a high at 5343 then 38.20% will come @ 5125.

So you should look for 5343 as first hurdle and 5378 as second hurdle. Wave theory suggests that fifth wave advance can continue till 5343 but I am doubtful about 5378. Although I should not close any views completely so I will keep 5496 in my studies.

Our intraday update will begin from 9:30 am onwards and this article will be updated every hours. Do visit again at www.viecapital.com

(If you think that other readers should also read this article then recommend this on google by clicking g+ link given below).

Read www.viecapital.com for stocks views

Follow us on twitter a/c 'viecapital' to get intraday updates. Link – www.twitter.com/viecapital

Thanks & Regards,

Praveen Kumar

Mail id – Praveen@viecapital.com

Mobile number – 09893369889

02 July 2012: Nifty Elliott wave analysis: Cross over of 5209 came as gap up but target seem to be at 5343 now. If able to sustain even above 5343 then expect 5496 levels (Will it be that simple?)

You must read previous articles and watch above chart carefully to understand this article completely.


It was only a 20% chance for the extension of 5th wave but it came. As it came so wave structure must be changing. I am keeping things very simple about extension of 5th wave.

First view is wave c = 1.618* a = 5343 (Already stated on Friday too in my intraday updates.
Second view is wave c =2.618* a = 5496 (Things can never be so simple in stock market as it looks on charts.)
Take another calculation, wave 1 = 4770.35 to 4898.95 = 128.60 points (Up). Wave 5 has to comparable with wave 1 or wave 3.


>> Consider first with wave 1 – Wave 5 = 2.618* wave 1 = end up 5378. So we can say that 5378 will act as tougher hurdle to cross.


>> Let us explain with Wave 3 – 4847.70 to 5190.20 = 324.50 points (Up)
76.40 % rise from 5041.70 of wave 3 = 5288, which was roughly the high pointof Friday’s trade.


So you should look for 5343 as first hurdle and 5378 as second hurdle. Wave theory suggests that fifth wave advance can continue till 5343 but I am doubtful about 5378. Although I should not close any views completely so I will keep 5496 in my studies. 


Our intraday update will begin from 9:30 amonwards and this article will be updated every hours. Do visit again at www.viecapital.com
(If you think that other readers should also read this article then recommend this on google by clicking g+ link given below).


Read www.viecapital.com for stocks views
Follow us on twitter a/c 'viecapital' to get intraday updates. Link – www.twitter.com/viecapital




Thanks & Regards,
Praveen Kumar
Mail id – Praveen@viecapital.com
Mobile number – 09893369889