Thursday, August 20, 2009

WE R IN THE MOST TRICKIEST SENSEX NIFTY CHARTS WITH NO CONFIRMATIONS FOR ANY WAVE COUNT!!!

R WE STILL IN THE SECOND SCENARIO THAT I MENTIONED EARLIER, YES, BUT ONLY FOR NOW, MARKET IS REALLY TRICKY NOW AND BUYING AND SELLING SHOULD BE DONE ONLY ON BREAKOUTS EITHER UP OR DOWN ON THE INDICES,WE YET HAVE NEGATIVE DIVERGENCE ON OUR TECHNICAL INDICATORS,BUT A CONFIRMATION FOR THOSE WILL COME ONCE WE BREAK 4350 ON NIFTY WHICH WILL ALSO CONFIRM OUR SECOND SCENARIO AND THEN GOING TOWARDS THE FIRST TARGET OF 4200-4250.HOLD STRICT STOPLOSS WHILE TRADING.BUT REMEMBER ONE OF THE THREE SCENARIOS MENTIONED EARLIER SHOULD HAPPEN.

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