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MARKET OUTLOOK:AARESKAY:19-12-2011.
| From : Sivakumar R at 08:30 AM - Dec 18, 2011 ( ) |
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Share it on FacebookNIFTY BREACHING CRUCIAL SUPPORTS ONE BY ONE
Bearishing Engulphing in Daily charts. We have witnessed repeated failures of this pattern (Engulphing and Harami) in recent times.
Lowest close in 2 years. The previous troughs of 4538 and 4353 spot will act as supports. Strong support below 4353 spot is 3975 spot only. Failed to close below 4700 on previous falls but Nifty closed below 4700 on weekly basis. Global Markets are clearly in medium term uptrend. If a downtrend develops in world markets, then, expect the worst for Indian Markets. Watch DOW JONES: A move below 11500 is the confirmation point.
In seven days, Nifty fell from 5099 to 4628. Indicators are looking oversold and not highly oversold. This is quite surprising to me.
Options Data : 4600 calls accumulation is clearly visible. (Retailors or Big players????? At the same time, OI in put options has been reduced considerably. HIDDEN TRUTH!!
From 20 points premium to 20 points discount in a single day fall. Hence we have to assume that heavy short build up is occurred.
H & S pattern (Close below breakdown points) is clearly visible in Nifty and in a huge number of stocks. After breaking and closing below the breakdown levels, normally it will retrace to the breakdown point or a little more.
We have earned decent profits in the recent fall. Market may try to rob some profit from us. Hence expect some tight range bound or volatile and stoploss triggering moves from Monday.
If opens lower on Monday try to exit Nifty shorts either at 4608 or at 4560 spot levels. This is the exit message for my positional sell at 5000-5095 levels. Also exit shorts if opens above 4678-4682 spot.
If opens higher, try to sell around 4720-4735 spot levels with a stoploss of 4753 spot. Target : New Low. A move above 4816 spot will take the Index towards 4928 spot levels. Technicals suggesting this upmove but not by Wave thory. The present 'E' wave normally won't give respect to oversold or technicals. Let us see.
TRADE LIGHTLY FOR THE UPMOVE
If fails to move above 4785-4815 spot in 2 days,then, expect a vertical fall.
Scrips available at a very low price. Everybody will be tempted to buy the stocks only because they are available at throwaway prices.
But My suggestion: Wait for 3800 spot .. and then accumulate stocks in a staggered manner. 25% below 4000...25% below 3400 25% below 2800 .and 25% below 2500 ... Invest wisely... You will get very good returns in the years 2018-2019.
Do you have the pationcy to wait for 7 years?????
Wave Target for this downmove: Minimum:4339:maximum:3801 spot.
Now Technicals also supporting this prediction.
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Does it look very distant now ? Not even two months! How come all of u have forgotten it ? No mention of it by any body.
From: sivakumar r at 06:55 AM - Dec 19, 2011
Scrips available at a very low price. Everybody will be tempted to buy the stocks only because they are available at throwaway prices.
But My suggestion: Wait for 3800 spot .. and then accumulate stocks in a staggered manner. 25% below 4000...25% below 3400 25% below 2800 .and 25% below 2500 ... Invest wisely... You will get very good returns in the years 2018-2019.
Do you have the pationcy to wait for 7 years?????
dont follow these levels now. wave counts may be changed now.
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A move above 4816 spot will take the Index towards 4928 spot levels. Technicals suggesting this upmove but not by Wave thory.......Excerpt from the update on Dec 19,2011
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Perfect reading......CMP 4934 Spot, But we missed his service in Mudraa
Siva sir i want your paid tips please give me your website details to my mail id. rahaman2000more@ * .com thank Q.
Where r u Mr Sivakumar.. We are missing you and your updates..
Dear siva,
Good Day
wishing you a sucessful new year. any update for 2012 before you move on.
RSK, Happy New Year.................
Is this your ID
Sivakumar R
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| Messages Posted by Sivakumar R | ||||||
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Dear Shri Lkashya Kumar,
you may send your email id to my inbox. and i will be sure to help you with whatever resources i have
Cheers
waiting for sunday update..
Last update for this year!!!!!
H & S pattern (Close below breakdown points) is clearly visible in Nifty and in a huge number of stocks. After breaking and closing below the breakdown levels, normally it will retrace to the breakdown point or a little more.
We have earned decent profits in the recent fall. Market may try to rob some profit from us. Hence expect some tight range bound or volatile and stoploss triggering moves from Monday.
Market retraced to breakdown levels with lot of sudden up/down moves. I am expecting the same on Monday also.
Hi Siva sir and friends ,
Can anyone let me know if the below given books are available free on net , if yes would be very grateful to you if you can paste the link here
1. Elliott Wave Principle written by FROST and PRECHTER
2. Elliott Wave Explained written by ROBERT C.BECKMAN
3. The Magic and Logic of Elliott waves written by HEMANTKALE/DR.SHRIRANG JOSHI
4. Mastering Elliott wave written by GLENN NEELY
DEAR ALL
WISH YOU A HAPPY CHRISTMAS AND NEW YEAR
REGARDS
T.ASHWIN
At the same time, if closes in green today, then, we can expect a gapdown opening tomorrow. Hoevering around yesterday's close. Hence could not decide.
Those who have sold yesterday can book profits today. Do not hold shorts for monday. We will sell again on Monday.
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