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markets for 07 dec 09 the new week opens with the confusing state of mind, with many on the side of the bulls hoping to see a decisive cross over of the critical level of 5181 by nifty & many on the side of the bears hoping that the big rise from 27th nov lows of 4808 till 3rd dec highs of 5181 needs to be corrected till a reasonable fibonacci level of at least 38.2% till 5028 nifty levels before any further break out move out of 5181...

Quote: Originally Posted by subodh9 Dear Pranayk, Can you please post the name of stocks in above sector which is badly beaten or can you give the list of the stock ? Thanking you in the anticipation, Regards, Subodh Apegaonkar Dear Pranayk, I am waiting !!!!!!!! Regards, Subodh Apegaonkar

Quote: Originally Posted by pranayk markets for 04 dec 09 well, as expected, nifty touched the critical level of 5181, made a small hole near the wall, came down to muster enough strength to try again to break out through the hole perhaps early next week. Interestingly ,the cleaner index the sensex has not yet touched the october highs of 17493 which may perhaps be decisively breached in one go some times early next week. Traders and...

Quote: Originally Posted by chaitanyagoa Hey Prayank, what is the time frame that you are plotting the charts on? Thanks Hey chaitanyagoa, I think it is mention on the left hand side of the chart that is 15 min...

Quote: Originally Posted by pranayk markets for 07 dec 09 the new week opens with the confusing state of mind, with many on the side of the bulls hoping to see a decisive cross over of the critical level of 5181 by nifty & many on the side of the bears hoping that the big rise from 27th nov lows of 4808 till 3rd dec highs of 5181 needs to be corrected till a reasonable fibonacci level of at least 38.2% till 5028 nifty levels before...

thanks a lot

Sir can you also add a factor in your analysis that adds the coupling effect of US market on our market for the past 2 weeks you can find a high correlation and since US markets closed negative I believe we can see initally a sell pressure on Nifty and at 1230 when the European markets open, that factor can be added to it. My expectation is Japan opening Up whereas rest of the markets opening Down. Also it would be important to keep a close...

Quote: Originally Posted by pranayk weekly technical analysis for week ending 11th dec 09 Weekly nvi rising continuously non stop even during the fall from highs of 5181 till lows of 4540, indicates heavy hidden buying by informed sources on index heavies that will take the markets to much higher levels. So over all a decisive move and close above 5181 will be highly bullish and a fall below 4930 to 4950 will have bearish implications. Dear...

Thank you so much pranayk. Your approach from many angles are GREAT. There is no word to express my feelings. THANKS A LOT.

Hi pranay, the way you have marked the elliot waves here is wrong. In both cases you have marked wave 4 lower than wave 2. I had pointed this out to you earlier as well.