sensex weekly

DARSHAN SHAH’S
INDIAN STOCK MARKET REVIEW(NSE,BSE)
Bombay stock exchange weekly chart (strong –ve divergence rsi,macd)









In above BSE (sensex) chart strong –ve divergence in rsi and macd suggest that strong downtrend which can take place and in above chart –ve divergence did work after 2011. This –ve divergence suggest more downside ahead.

elliott wave nifty count

nifty wave 5 of 3 down trg @ 1.618 of wave 1 & 2.trg for wave 3 4760 around.(click on chart for zoom)

nifty elliott wave count (30mins candle)

above 5172 wave 4 remains conti... below 4911 wave 5 is possible in count.foe wave 4 alt is possible in (double zigzag).still my counting 5wave decline trg around 4600.

nifty view for 22/09/2011

nifty below 5121 downside upto 5008.and above 5121 upside upto 5170.

rising channel nifty

nifty view for 20/09/2011

nifty above 5070 move +ve upto 5139 kind of level.move below 5070 downside risk upto 4980 or below.

nifty elliott wave advanced prediction on 13-9-2011

nifty next day move almost retraced wave2 (99%).wave3 likly move below 4911 n if nifty return from 4911 than overlap count possible (extension) we r currently in 5wave down. which can make all new current low.more update soon..........

IMP SUPPORT AT 4911 NIFTY

NIFTY VIEW FOR 14/09/2011

NIFTY ABOVE 4961 MORE UPSIDE UPTO 5048.BELOW 4961 DOWNSIDE UPTO 4862.

nifty view for 6/09/2011

nifty remain +ve above 5014 upside upto 5062.below 5014 downside upto 4940.