Dow jones strong bullish picture...

Still lots of steam left for bulls...

Good nifty buy...

Strong European markets...and strong nifty against the bad news, bought nifty today...though stop loss is little higher than my normal trade.5032 nf

nifty small waves

nifty small candles chart says different story,so buy only with confirmed swing method buy...and visit this blog for better clue during market hours when nifty trade near...4930...because most likely market will try to get support at this zone.

Nifty 11-10-2011 after market

Nifty bullish view continue buy with the swing buy signal..yet not generated..

Dow jones bullish picture continue...

Dow Jones showing good bullish picture..

1...breakout from wedge,and at present trading at convincingly higher above it.
2...break out from trendiline and at present trading above it.
3...cross of last swing high convincingly.
4...complete 5 wave (impulse) wave formation..

GOLD,SILVER

  NO any trade in gold and silver as it had made new swing high1682, 1684, after crossing 1679 direct,without any correction..This is,first sign of change of trend and strength of bulls so,just wait and watch...

NIFTY

Exited from the nifty buy position with more than 275 points profit...waiting for dip to buy again...

10-10-2011 trading strategies

Nothing new

NIFTY-hold nifty buy position initiated in between 4740 to 4780 zone, up to tgt lvl 5050 zone.trailing stoploss is 15 minutes candle close below 4960...cmp is 4988.current MTM profit is more than 200 points.

 GOLD-wait for 1678,1680 spot  level for good shorting oppurtinity,short there keeping 2 to 5 $ as stoploss and  15 minutes candle close above this level.if stoploss than reverse your position.go for buy keeping stoploss below 1678,1679$ level spot price and 15 minutes candle close below it.
SILVER-sell silver with gold's sell signal...reverse your trade with gold's level if your stoploss trigger.

Those who are working in MCX follow this trading strategy with prevailing price in indian rupees  at the time of gold at 1678$,1679$, spot...for both gold and silver...

Does the market go back and fill the gap it made a year and a half back or so?

According to me, gap theory is a myth and there is no reason that 2009 has to get filled. A lot of people have been waiting for that gap to get filled in the last two years. They have missed out the entire rally that has taken place post 13,000 on the Sensex. In 2003, when we started moving up from 3,000 levels on the Sensex there were lots of gaps in the market that have not been filled yet. So it is not necessary that gaps have to get filled.


Don't see more than 10% downside hereon: rakesh Jhunjhunwala 26 sept 2011

Nifty big time frame fibonacci levels...

Nifty with the similar kind of pattern with dow jones,both are taking support at 38.2% level.

dow jones 2 possibilties

Dow jones 2 possibilities,both are with short term positive trend,and the big term trend decider level is 11900 to 11950 zone...above this level consider this correction is over..and start of super duper third wave...but,,,.if one more down wave than the levels mentioned on chart to consider as next support levels...Both nifty and dow jones had tested 38.2% levels...

Nifty hourly chart, bullish view continue..tgt near 5050 zone

I was waiting for 4720,4700 zone to initiate my low risk additional big entry..but because of global rally..my level not come and missed the good opportunity to initiate heavy positions in big lots..actually this 4750 to 4700 is a good buying  zone, and this 4700 level is a confirmed bottom, so i had started buying in this zone after exiting from all my shorts positions(told my blog readers to exit from short positions near 4720 in 4-10-2011 nifty post), and wants to add big lots in addition to this initial good quantity positions,, exactly near 4700 because, at this level your stop loss is almost your buying price..or just 10 to 25 points, with risk reward ratio is in between 1:15 to 1:30 ...............Any way this happens so many times because our mkt heavily connected with fii's actions,.and their decisions totally depends on global factors not in line with our technicals,so we have to live with this facts..our technicals alone is not working.Just accept it,and find  your proper way.

Nifty divergence,after 10 months of correction

Dow jones 7-10-2011

Dow at upper end of wedge...cross and sustained move  above this line will negate the  one more chance of making new low,.near 10225..........S&p 500 tgt 1070 is almost over so most likeley dow will cross the upper wedge line...most bullish sign for upcoming days.now verry few chance left for nifty to go down heavily and retest of 4720 again...because of this dow's movement..so today's dow's movement will decide our nifty's movement also..keep keen eyes on todays dow's move.

Gold silver 7-10-2011

    Gold and Silver in a big range..break out from range will give good buying,selling oppurtunity.
trading strategy- sell near 1475 gold resistance line keeping 2 or 3 $ stoploss...if stoploss than go for buy...keeping 2 or 3 $ below this resistance line....tgt is given on chart...for sell lower end of range and for buying tgt line on chart near 1755,1760...take your decission above or below buy sell sustained or not for atleast 15 minutes candle close....

Dow jones weekly,monthly swing picture

Daneric now positive on dow...elliot market waves waiting for last one.

Both daneric and elliot market waves agree for 5 wave completed in dow jones chart..but elliot market waves waiting for one more down wave.the last and final one....while daneric is complete bullish..and my vote with elliot market waves.possibility of last and final down wave is still pending..but over all scenario is bullish.tony caldaro also says 5 wave over in dow jones...see almost all the ellioticians bullish now...

GOLD,SILVER EXIT

Gold,silver above our trailing stoploss level.exited with good profit                                                       

5-10-2011 nifty 5 minutes chart

5-10-2011 daily

Nifty daily chart- 3 low completed below swing low ,possibility of one more is standing.           

trading strategy,,buy near 4720,4700 when 5 minutes chart 5 wave formation over..keeping stoploss of 

just 10 to 25 points.visit this blog when nifty near 4700,4720,4675 zone for clear  direction.. ...                                                                                                                                       

silver 5-10-2011

Our trade in silver is  running,stay in till tgt,,trailing stoploss mentioned on chart above 30.22$ ,5 minutes good body candle close                                              

5-10-2011 gold

Our trade is running with good profit, staty in till tgt,,.keeping the trailing stoploss mentioned on chart  above1633,,5 minutes candle close with good body,                 ,                                                     

dow jones my possibility

silver 4-10-2011

silver trading idea sell initiated 31.26,,,, ...tgt zone on chart and stoploss is candle close above red marked lines..

gold 4-10-2011 hourly

tradingidea- gold selling initiated at 1674 level...stoploss candle close above selling zone . tgt 1523 to 1550 zone black marked lines on chart..                       

4-10-2011 5 minutes nifty

trading idea exit from short if you have intiated it below 4970.....and wait and watch how mkt reacts at 4720.                                                                         

Dow jones elliott market waves count

Nifty Alternate count

dow possibility by daneric

3-10-2011 5 minutes chart

nifty,,gold silver,,, trading idea for 3-10-2011

Dow jones hourly swing picture

Hourly swing picture

30-9 5 minutes picture

Above our expected 5012 level........ bullish view continue

gold 29-9

Gold 27-9 hourly

Dow at good upmove

last day predicted
dow at the end of
it's down move
now it is right on way....once again

end of the correction

silver weekly channel

amerikan mkt at the end of down move

26-9 5 MINUTES CHART

26-9 HOURLY

gold at daily chart channel support

gold weekly channel,gold will touch lower channel support

daily picture

retest of low,bear mkt rally starts only after recent low test twice or thrice.