NIFTY MOVING EXACTLY ACCORDING MY TECHNICAL PRIDICTION

Just see when and what i posted about nifty further direction:-

Posted on 20 May 2013

The correction in nifty today seems that nifty has completed its 3rd standard of correction and may move in b-B wave. If this wave count is valid then nifty should fall minimum up to 6059 and 5953 as indicated in the chart below. Below 6140 fresh short position can be created for the above mentioned target with 6229 as stop loss.

chart posted with this analysis,

ON 23 May chart posted

On 27 May chart posted

On 29 May

ON 2nd JUNE

What else clue you want. If you have still doubt my dear friend then listen my advice- please don't trade with your expectation and don't do adventure with your capital. 

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NIFTY LATEST UPDATE AND WEEK AHEAD

We have seen huge volatile session in last week as i have warned you in my Monday's post. In last 15 days we have seen more than 100 points fall three times but two times nifty recovered its losses. Will it recovered this time also ? Lets consider. The situation is little different. FIIs were net buyer in previous two fall but This time FIIs sold index future worth Rs.1827 crores indicating fall will not easily recovered. As per nifty daily chart prices has fallen sharply below 20 days moving averages with supporting momentum indicators. According to nifty hourly chart Expanding triangle trend line support is coming around 5960 level. If this level break nifty may drag towards 5907 level.  Economic news from across the globe will certainly put an impact on  the market's direction. With the International Monetary Fund and the Organization for Economic Co-operation and Development forecasting a weak outlook for China and the European region respectively, global markets are likely to see some weak spells next week.
Trade cautiously. Huge volatile week ahead.