AUTOMATED TRADING

AUTOMATED TRADING

17 October 2013

NIFTY LATEST ELLIOTT WAVE PATTERN 5950 TURNING POINT

Nifty 5950 spot price will give clear confirmation that this up trend from 5115 has been finished now. Untill  Unless this level is broken one more up move towards 6200-6300 is due in the market. In hourly chart 5 wave pattern is visible. 5980 is the top of wave " i ". If this count is valid than 5980 should not be broken and  one more move towards upside should come. FII's regular accumulation  in cash and future market validating dues upmove in Indian market. Today price slide upto 23.6% retracment level with channel support on hourly chart. Above 6110 spot price will indicate that 5th is going on and may kiss 6200-6300.


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16 October 2013

NIFTY LATEST UPDATE

6040 (spot price ) towards downside and 6160 ( spot price ) towards upside will set the next trend in nifty.
Nifty can be buy around 6060 if come  with 6040 stoploss on closing basis. Reverse trade if try to close below 6040 spot price.
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14 October 2013

HAPPY DASEHRA




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Disclamer:-

Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Futures and Options markets. Don't trade with money that you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell Futures or Options.

The contents of this site are for general information purposes, only. The strategies/plan discussed above in this thread/site is made by me based on data which is operated and maintained by third parties. However it is tested and proved every attempt has been made to assure accuracy, but it is by me only. We assume no responsibility for errors or omissions. Examples on this site and in the manual are provided for illustrative purposes and should not be construed as investment advice or strategy. The future data manual is for informational purposes only. These predictions/tips are technical , based on charts conditions ONLY. This is only a guideline, the decision has to be taken after logical thinking by you. Technical analyst and astrologist will not be liable for any personal or financial losses or profits.

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