Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.
Relationships With Others A sensible person knows it is a waste of time and energy to get angry. Effort will then have to be made to reconstruct that relationship. It is much more useful to breathe deeply, pay attention to your attitude and answer without rushing. In this way, improve and strengthen your relationships with others. Create trust and your mistakes will be forgiven.
Nifty Spot
(Updated on 05-02-2013 at 08.20 AM)
We have repeatedly written that Market has
been tired and week below 6075.
Yesterday, written that Nifty spot would not make successful
crossover above 6035 and fall down below if not
able to crossover above 6035. Also mentioned that
it has support at 5982.
Nifty spot made high at 6038 and declined to 5981.25.
Now for Nifty Future
No Rise likely to sustain below 6075.
Path of great resistance up to 6025-6033.
Hurdle at 6013-6025.
Break below 5978 Expect panic selloff
up to 5959-5933-5911.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
“NEVER BEFORE HAVE YOU HAVE SEEN THIS PERFECTION OF CHART ANALYSIS“
As expected, Dow Jones and S&P 500 have been started to fall down. Let’s start by looking Nifty future…, Yes we are waiting for long “Expected time is 2-3day for long” Click here.
Yes, You can short-sell Nifty for 5928-5947 small points.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
My short-term scenario has proven to be wishful thinking. I was looking for a potential Zigzag down instead the bulls have once again aborted a pullback that in my opinion has been delayed but not removed from a pending outcome.
Regarding the long-term count, I maintain the scenario of a potential Ending Diagonal. If it pan out it will complete the Double Zigzag wave (X) off the March 2009 low establishing a major top.
But instead of an expecting a larger subdivision of the wave (III) maybe price is approaching the end of this wave.
If this is the case then once the wave (III) is in place in the next down leg, in order to be considered the wave (IV) of the Ending Diagonal, it will have to overlap below the peak of the wave (I).
The potential target for the wave (IV) could locate in the range 1463.76 – 1435.50.
In addition, if the Dow is unfolding the same ending pattern, then the wave (III) cannot exceed above 14089.64 therefore there is not much more upside left in order to maintain valid this option.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.