GENERAL ELECTRIC COMPANY, SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, RENNOVA HEALTH, INC., BANK OF AMERICA CORP, APPLE INC
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Based on Fib extensions and the major hurdle at the extension levels. Will look for an Outside Day with a Rapid expansion which is Swiftly reversed in these levels indicating rejection. Short will make sense only on seeing such a price action.Don' t expect in the next two days as Option traders will maintain a very tight leash on the market making price movement ...
It seems the fifth wave for the overall trend is truncated with an Orthodox top at 8288 abouts. The correction for the whole of 5 wave series may be in progress. The Wave A was not trade able as it was a gap down opening with no clue of where it will end. Normally Wave B should not be traded but as an exception we can trade this to a target of 8150. It should be ...
The Nifty seems to be creating a diagonal move for the fifth wave towards 8400. The first target for the 3rd sub wave is 8320. Traders should take advantage of any volatility of BR EXIT tomorrow to catch a dip near 8160. This should be traded only after the BR EXIT results as volatility ( if exit is chosen) can change the complete perspective.
Since X wave has formed it seems complex correction is possible Two aspects are not clear. Is the three wave formation for the X wave completed? Secondly did the first correction only correct the extension and this correction will correct the whole third wave - in that case Nifty can drift towards 8002 mark.
Since the X wave has been formed. Will ABC correction to resume. Global factors seem to favor the same. Two aspects are not clear. The X wave should be a 3 wave formation - is that completed ? it can be ascertained only once the Nifty opens today. Secondly was the first correction only for the extension of the 3rd wave and this correction is for the whole wave in ...
Wave C of the Correction is extended. There is some way to go before completion. However since there are multiple issues in global market and Wave 3 was extended. There is a case for an complex correction. In this case the market will rapidly move back to 8200 in matter of hours and it will seem like the trend has resumed. However a further ABC correction will ...
Wave C is in-progress for the correction. First Target is 8151 and Second Target is 8119 based on Fib's. The market seems to have the strength to bounce back but global markets may peg it down and the correction may continue. The easy money is made. It will be difficult to determine if the next move is sub-wave 1 of wave 5 or extended correction.