Comments on: Lessons and Analysis on India’s Nifty Index May 25

By: Neil

Neil — Wed, 03 Jun 2009 16:46:43 +0000

Hi Corey ….. I would really love to know your EW interpretation on the daily charts of Nifty, after this helluva move up. I'm all confused with EW counts , cos nifty has closed for 3 days now above the supposedly primary wave 1 low i.e. 4470 .. so as Wave 4 cannot overlap wave 1, so my preffered count goes out of the window that this was a corrective primary wave 4. Can u pls suggest a decent alternate count. .

Thanx in advace

By: Neil

Neil — Wed, 03 Jun 2009 11:46:43 +0000

Thanx in advace

By: Bh

Bh — Fri, 29 May 2009 18:12:03 +0000

you find a the very good explantion to the same pattern on http://tradingstocksontechnicals.blogspot.com/

check this out. let us know if that is right

By: Lessons and Analysis on India’s Nifty Index May 25 | Penny Stock Trading System Blog

Wed, 27 May 2009 00:08:33 +0000

[...] Let’s step up our time horizon to see the weekly chart and trend structure (continue reading). [...]

By: Da_bears

Da_bears — Mon, 25 May 2009 22:14:10 +0000

if applying EW. we would have a 1 in april of 08 followed by 2 with next high, then 3 is at lows and then potential the 4 is where we hit 50% retracement is that correct? so we are now in 5

By: ashu

ashu — Mon, 25 May 2009 22:04:03 +0000

17% in one day was too much for me upswing in favorable govt condition. However, there is a critical Budget in 45 days which may define course for next year, some expectations of Labor laws reform, insurance, banking aviation , pensions ,disinvestment of public enterprises to fill deficit hole …. etc.etc.. reforms are on cards rather the whole works of indian economy will be overhauled.