Weekly wave chart
The anticipated green line given in last report is being followed by the Nifty cash. But 14th
August is an important time support and the index should break below 7420 on or before 14th
August OR ELSE, the pattern inside wave (E) becomes invalid. In that case, the following will
become the preferred count.
In the above case (if 7420 is not breached on or before 14th August 2014), the index is expected
to move up and may reach till 7850-7900 area on or before 31st August 2014. The important
level to watch during next week is 7420. The 7100 levels are expected below 7420. If 7420 is
not breached on or before 14th August 2014 then, 7850 is expected on upper side.
Daily wave chart
Conclusions:
1. Though the Nifty cash is unfolding Diametric pattern but the clarity is very less about
current move. At top of 7840.95, the index may have completed wave (E) or (G). The
breach of 7420 will only confirm the completion of wave (G) at 7840.95, OR ELSE, the
index must be in wave (F).
2. The downward pattern from 7840.95 may be Contracting Triangle OR Diametric. The
wave (b) and (c) have consumed 5 time units each. If wave (d) also consumes 5 time
units then probability of Diametric increases. Whereas, if wave (d) consumes more/less
than 5 time units then probably Contracting Triangle may be unfolding.
3. If the downwards move from 7840.95 turns out to be Contracting Triangle, then the index
is in wave (F) and we can expect upward wave (G) which may move beyond 7845.
ELSE, if the downwards move turns out to be Diametric and breaches below 7420 then
the index has already completed wave (G) at 7840.95.
4. A sharp up move is expected till minimum of 7645 (maximum 7721 possible) which may
take place during coming Monday and Tuesday.
5. The time consumed by expected upmove will provide further clues about the future
action
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
The anticipated green line given in last report is being followed by the Nifty cash. But 14th
August is an important time support and the index should break below 7420 on or before 14th
August OR ELSE, the pattern inside wave (E) becomes invalid. In that case, the following will
become the preferred count.
In the above case (if 7420 is not breached on or before 14th August 2014), the index is expected
to move up and may reach till 7850-7900 area on or before 31st August 2014. The important
level to watch during next week is 7420. The 7100 levels are expected below 7420. If 7420 is
not breached on or before 14th August 2014 then, 7850 is expected on upper side.
Daily wave chart
Conclusions:
1. Though the Nifty cash is unfolding Diametric pattern but the clarity is very less about
current move. At top of 7840.95, the index may have completed wave (E) or (G). The
breach of 7420 will only confirm the completion of wave (G) at 7840.95, OR ELSE, the
index must be in wave (F).
2. The downward pattern from 7840.95 may be Contracting Triangle OR Diametric. The
wave (b) and (c) have consumed 5 time units each. If wave (d) also consumes 5 time
units then probability of Diametric increases. Whereas, if wave (d) consumes more/less
than 5 time units then probably Contracting Triangle may be unfolding.
3. If the downwards move from 7840.95 turns out to be Contracting Triangle, then the index
is in wave (F) and we can expect upward wave (G) which may move beyond 7845.
ELSE, if the downwards move turns out to be Diametric and breaches below 7420 then
the index has already completed wave (G) at 7840.95.
4. A sharp up move is expected till minimum of 7645 (maximum 7721 possible) which may
take place during coming Monday and Tuesday.
5. The time consumed by expected upmove will provide further clues about the future
action
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
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