Nifty 29 Dec 2015 : Critical Moves to Follow

8627 could be end of a large degree wave, the corrective may test 7723.  If 7723 is held bears may be mauled by carnivorous bulls.



One should also keep an eye on the WWs that are shown in the chart below. Both black Wolves are inactive at present and will be active below their respective baselines.  The red WW is still in the making and its 4 should end in the red oval without violating the red LTL.  But as I see it, the WWs may wait for a while but need to be monitored closely.





Trade as suited to each one of you.

NIfty 22 December 2014 : Can go either way.

The setup for tomorrow:

 

Possibilities

My fav : Can swing between 7900 and 8250.

 

Other bearish possibilities : Can take Nifty below 7500.

Possibility of a lateral 4th wave as CT :  Can keep moving between 7960 and 8500.

 

 Not to forget the aspirations of a new high, which I am not charting here.

Trade bearish, with SL of 8350 initially for a target of 7925/7800/7500
Trade bullish, with SL of 7960, at 8080 for a target of 8450/8550/8700+.......9200

I am expecting a bearish tone till mid Jan, then a rise till end feb to mid Mar and then a substantial drop.
God knows if a Harshad Mehta or Ketan Parekh will surface by then.  SEBI has already barred 260 entities from markets due suspicions of money laundering.

All the best.

Reliance Capital : Looks Bearish

Reliance Capital looks to be in a bearish setup.  The channel has resistance around 495-498.  If held, it may rush to 435 or lower..  Here is the chart...

Update 02012015

Trendline Containment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

APF Possibilities