Showing posts with label 5min. Show all posts
Showing posts with label 5min. Show all posts

Monday, January 24, 2011

Nifty 5 min - 24 Jan 2011 - updated

Take a look at the 5 minute update

price reversed after meeting WW target could head down 5680 or lower..

Buy above 5750.

Nifty 5 min - 24 Jan 2011

Here is another chart of Nifty - 5 minutes - Wolfe Wave on this one.

We can expect 60-80 pt upmove from 5700 (possibly 5800?) - Go short when nifty hits the red line. Watch for divergences / wolfe waves before going short. For now it's long!

Friday, January 21, 2011

Nifty 5 min - 21 Jan 2011

Attached chart of Nifty 5 minute chart indicating an upmove upto 5740 - 60 (because of reliance results?)

This is also a bullish flag pattern.

CMP 5691 Expected 5760

I've covered my shorts. Can buy with a SL @ 5680