Check pictures for list of levels for corrective and then the breakout if/when it comes
Gann and elder both talk about expecting a w5 and not seeing it come. So while u should be 'bullish' on nifty since trend is up, do not hesitate to short weak stocks if the trend says down. Also intraday shorting opportunities are always there. even if eod trend is now up there are times when intrady trend will be down.
As long as 3900 holds 4440 valid, thats the bullish view.
Some stocks will not make it above 4200, some will form local tops.
Vision: To walk on water one must be quick , twin peaks, flat correction or double top??
not gonna elaborate :)
Review old post for view on nifty.
http://fnocharts.blogspot.com/2007/04/nifty-maybe-w4-of-some-sort.html
http://fnocharts.blogspot.com/2007/04/old-post.html
We're heading towards the end of time allotted for bears
bulls will make a move very soon.
keep an eye on auropharma, hll, rcom, bharti, parsvnath, maybe even reliance though not a big fan at 1630 would rather be a bull at 1512-1476 in reliance but i guess market might not take it there.
auro is a buy at 676, rel near 510-500
rcom near 464/460/450, bharti near 800, parsvnath near 305-300-295
hll near 193
For details on levels or how to trade intraday try floor pivots
feeling too lazy to post the levels right now, need to go sleep soon
As it is this site gets maybe 5 hits a day, not worth the effort.
Then again maybe if I made some effort more people would visit.
Time to sleep now.
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