Nifty as Perceived on Teachers' Day

I am not going to write much.  Following the fall as 4th of the rise.  Fall seems to have completed or is very near to its completion.

There are few essential WWs as shown on this chart. 5th of all are done.  target leg may commence any time.  Baselines must be kept in sight.

The EW as perceived is as shown on the chart below:

Based on these the likely moves that may ensue are as below:

Fresh Perceptions on Nifty

Tight on time and hence would depend on the images to tell the story.  Here they are:-

Daily

Weekly

Nifty for 17 - 19 Jun 2015

Nifty is at crucial juncture now.  The possibility increases for it to test 8330/8380 by 19 Jun 2015.  The broader picture, as perceived, is in the chart below:


















The chart show 3 WWs.  2 of these are complete and third is in the making.  The completed WWs are shown in Black and Blue.  The incomplete potential WW is shown in pink.  The chart is self explanatory.

Perceived path, based on the WWs, is shown in thick blue line.

Next Three Days of Nifty

This is posted at another blog but has relevance to this blog also and hence the reproduction of its extract for the readership here.

 Nifty seems to have gone into an ED from 8463 and has completed first two fractals of this ED. If this perception is correct, then Nifty is unlikely to cross 8463 till the ED gets completed.

There is a WW developing and the current fall is shaping the last leg of the pattern.  If it indeed is developing as a WW, then it must go below 8160 roughly and 10 points of error on both side may be kept in mind for inaccuracies in my drawing.  This apart, the last leg by itself may get completed at 8140 or so.  As long as this leg gets below 8170, any number would be fine.

In one of my previous posts "Finale 15 Apr 2015", I had mentioned low days as 20, 23 and 25.  While I regret the mention of 25(being a Saturday) instead of 27, what I intend to bring out is the possibilities that may emerge within this framework.  If the intent of Nifty is to indeed go towards 8140, then it may dip to 8230-8220 on 23 without breaching 8463, then subsequently it would come to 8380/8432 roughly before dipping again in the morning hours of Monday, the 27th to make 8140.

It may also happen that the entire setup I have narrated here turns into rubbish at the opening bell itself.  Indicator would be a breach of 8463.

Possibilities and WW : 20 April 2015

I will again be brief.  8570-8560 and 8525-8500 seem to be levels of significance for the time being.  On the higher side, 8640-8650 needs to be recaptured by bulls soon.  Mathematically, a close below 8565 should come to complete the pattern in the short term.  For indicating a significant change of trend to bullishness, a close above 8780 today would be essential.  The chart below shows a WW in red, which though seems to be headed for 8K, it may not be reached in a straight line and may follow the path shown in blue.  The chart also shows two APFs and some TLs of significance in green color.

Readers may also recollect that today is a day of low, which may come around 1430-1500 and may see Nifty dipping towards 8570/8525.  All the best.