Nifty 06 January 2015 : 8500 Could be a Possible Reversal Zone

 As I perceive, 3rd wave from 5933 may be over at 8627 and 4th is in progress.  Currently, 4.B.c is being measured and may land up at 8490-8500 after dipping between 8350-8330.  This, once done, will be followed by 4.C, which should not only go below 7961, but may also test 7723.  Here are the charts depicting my perceptions:

Nifty : Containment Zones based on Trend Lines

Nifty : EW on Daily Chart

Nifty : EW on Hourly Chart

Reliance Capital 05 Jan 2015: TL or Trend Lines

I had written a brief post at Reliance Capital : Looks Bearish and while this time also I am going to be brief, I will touch upon three essential aspects of TA for Reliance Capitals.  These three aspects are posted at:

Reliance Capital : EW Perspective
Reliance Capitals : Wolfe Waves
Reliance Capital : Trend Lines

One of them is the current post.

Reliance Capital 05 Jan 2015: WW or Wolfe Waves

I had written a brief post at Reliance Capital : Looks Bearish and while this time also I am going to be brief, I will touch upon three essential aspects of TA for Reliance Capitals.  These three aspects are posted at:

Reliance Capital : EW Perspective
Reliance Capitals : Wolfe Waves
Reliance Capital : Trend Lines

One of them is the current post.

Monthly

 

Weekly

 

Daily

 

Reliance Capital 05 Jan 2015: EW Perspective

I had written a brief post at Reliance Capital : Looks Bearish and while this time also I am going to be brief, I will touch upon three essential aspects of TA for Reliance Capitals.  These three aspects are posted at:

Reliance Capital : EW Perspective
Reliance Capitals : Wolfe Waves
Reliance Capital : Trend Lines

One of them is the current post.

EW Perspective : Monthly

 

EW Perspective : Weekly

 

EW Perspective : Daily

   

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.