Share Market Tips 26th Feb 2016

Share Market Tips 26th Feb 2016

[08:57, 2/25/2016] +91 90040 79145: Gm
[08:57, 2/25/2016] +91 90040 79145: Wait for update
[11:15, 2/25/2016] +91 90040 79145: Hold positions as told
[11:15, 2/25/2016] +91 90040 79145: Will update count in sometime
[11:59, 2/25/2016] +91 90040 79145: Case 1: As of right now the fall from 7252 to cmp is looking like a corrective wave and there are no signs of a impulse wave which means that 6950-6930 spot Nifty will hold in this fall and then we will move back to 7130-7160 area and then fall back to 7050 and from 7050 we will begin the bullish cycle towards 8250.
[12:01, 2/25/2016] +91 90040 79145: so in point of case 1: CMP-6930>>>7130-7160>>>7050>>8250 (8250 is first leg target, final target is 8800-9000)
[12:02, 2/25/2016] +91 90040 79145: as discussed yesterday that even if the 8250 cycle has to fail then also we will see 7500+ and then a fall will resume (assuming the wave on the upside is failing)
[12:02, 2/25/2016] +91 90040 79145: in that case CMP-6930>>7130-7160>>7050>>>7500+>>6300-6600>>12500
[12:04, 2/25/2016] +91 90040 79145: case 2:  Nifty makes a low between 6900-6850 means impulse is over and we will see direct bullish move straight from here towards 8250 (again assuming if the wave fails still Nifty will move above 7500+ and then resume move to 6600-6300 area to complete the move ) and then move to 12500
[12:05, 2/25/2016] +91 90040 79145: so it is clear that in either case we do not see below 6790 this is what we have been explaining and vs 6790 we see 8250
[12:05, 2/25/2016] +91 90040 79145: or even assuming the wave will fail then also we will see min 7500+
[12:06, 2/25/2016] +91 90040 79145: This view is for Aug 2016
[12:06, 2/25/2016] +91 90040 79145: till aug 2016
[12:14, 2/25/2016] +91 90040 79145: we were expecting a bottom around 7000 area as that was a down cycle channel support zone but on careful examination we see that actually the channel is at 6810 spot Nifty not at 7000 so what has happened exactly is in the frame work of the existing rules as per elliot wave and neo wave combined and this is what one of the co authors of the book had updated on Jan 28th 2016 (he too made the same mistake of saying channel bottom at 7000 in reality the channel bottom is at 6810 spot Nifty with a minor down ward slope which again as per rule means this is a corrective wave )
[12:14, 2/25/2016] +91 90040 79145: http://www.moneycontrol.com/news/fii-view/this-one-chart-shows-nifty-correction-has-ended-technician_5122261.html
[12:14, 2/25/2016] +91 90040 79145: pl see this if you have time
[12:15, 2/25/2016] +91 90040 79145: we are not endorsing any ones view it is just that we are having the exact same calculations of a complex correction ending as we have mentioned and we do not see any further downside beyond the possibilities mentioned
[12:16, 2/25/2016] +91 90040 79145: Also in the current back ground on analysis of the world markets they all are on the verge of a breakout if those Global markets confirm breakout there is no way our Indian stock amrket will continue to move here
[12:18, 2/25/2016] +91 90040 79145: sending you guys this so that you can understand the larger picture
[12:32, 2/25/2016] +91 90040 79145: please understand carefully.  we are not saying Nifty will come to 6810 all we are saying is that up move either starts from cmp-6930 or 6900-6850 we do not see price even sustaining on the lower side we see straight up move. If moves up straight from here without breaking 6930 then apply case 1 or else apply case 2
[12:49, 2/25/2016] +91 90040 79145: High Risk Trade Buy 6970 spot sl
[12:50, 2/25/2016] +91 90040 79145: we could get hit out 2-3 times pl keep that in mind and trade trade is high risk trade
[13:12, 2/25/2016] +91 90040 79145: 6970 spot is sl for the high risk trade if gets hit we will try reentering lower around 6950-6930 range or just a bit below 6900 spot Nifty
[13:38, 2/25/2016] +91 90040 79145: High Risk Trade Update Book 50% Positions bought between 6980-6985 @ 7025 (prefeed) spot rates mentioned trade is active in March Fut
[13:51, 2/25/2016] +91 90040 79145: Delivery Call Update: Cairn India Hold rem 50% positions as told.
[13:51, 2/25/2016] +91 90040 79145: Delivery call update IDBI Bank hold remaining 50% positions as told
[13:53, 2/25/2016] +91 90040 79145: USDINR Hold rem 50% positions of part 1 & Hold other 2 parts shorts as told
[13:53, 2/25/2016] +91 90040 79145: High risk trade update 6970 spot SL
[13:54, 2/25/2016] +91 90040 79145: Positional Trade Update Hold Nifty March 7300 Put 1 Part Short & Hold Nifty March 7500 Put 2 Parts shorts till next update
[13:54, 2/25/2016] +91 90040 79145: Hold BTST Trade that we entered day before yesterday as told
[13:54, 2/25/2016] +91 90040 79145: as mentioned we have communicated wave counts and we see higher side starting anytime
[14:31, 2/25/2016] +91 90040 79145: Nifty is exhibiting classic triangle formation character we are expecting case 1 to play out
[14:35, 2/25/2016] +91 90040 79145: case 1 means so in point of case 1: CMP-6930>>>7130-7160>>>7050>>8250 (8250 is first leg target, final target is 8800-9000)
[14:59, 2/25/2016] +91 90040 79145: close high risk trade at cmp
[14:59, 2/25/2016] +91 90040 79145: confirmation high risk trade closed
[15:00, 2/25/2016] +91 90040 79145: hold all previous positions as told