On Behalf of Spiderman

Spiderman is busy with some personal work and hence won't be able to contribute in the short-term.

15 NOV 2011: IMPULSE OR CORRECTIVE

Hi guys good morning ..i will not be able to provide regular updates till december as i will mostly be out of station and leave...let us see what is happening 2day nifty from 5390 levels is moving in a channel as shown in the chart...so if it breaks 5100 2day go short and be long at every drop towards 5110....

same u have 2 do for coming days keeping in mind the channel lines as top line is near 5275 as 0n date....

a good trade on tcs go long if it ticks above 1160...good luck..

11.11.11

Infosys will give indications of what markets will do next...if it breaks 2700 then down if it holds then up....it will be the first stock to give a break out of this year long bearish phase....larsen and sbi will be the last ones...but slowly both of them will become leaders of next bull run and surprise all...mahindra is in a long term bull trend..so i advise to go long on that near all trendline supports...all investors are advised to buy petronet lng..it might go towards 150-140 zone but no worries..it is in multi year bull phase....hold it for a couple of years and get floored with abundance....good luck

09 NOV 2011: RANGE BOUND GAMES

Hi guys good morning Nifty is still in premium sucking mode as we discussed last week in one of our posts ...

It has not yet broken the range and maintained 5250...

today it is likely to test 5330 and above it 5350...if it reac hes 5370 go short for quick intraday gains....

There is consensus in the market that nifty will fall back from 5450-5500 zone ...so be ready for a surprise either a break away rally or a grinding down move from 5350 only....

i suggest to use shorting of options as a safe tools between 5200-5400 zone...as the energy is getting recoiled and the rocket may get launched on either side...good luck ...m not posting charts 2day as posted 4 charts yesterday...

08 Nov 2011:HANGING ON TENTERHOOKS

Hi guys good morning during the week end i tried to make a web in long term charts...i have made diamonds in above chart those will give u clear idea on resistances supports and targets...as per them nifty will find it difficult to cross 5475 area and in coming days/weeks that should be the zone to go full short...
the above chart is daily chart and it indicates that below 5260 we should again test 5200 levels and then a couple of range bound sessions in this zone....
The above chart is weekly chart a close below 5250 on any trading day of next week will indicate that we are going down or sideways...so short calls if we close below 5250 on any day...

Tuesday,s Polugram ( All actions must be taken with appropriate HRY)
LEVEL	ACTION	SL
5300 or above	SHORT	SL 5327
5185	COVER
5220	SHORT	can not be fixed beforehand
5150	COVER + LONG	SL 5148/5145
All are tantative levels
One can fine tune them according
maiya's move seeing over, tick chart
Last action's Target is Minimum 140 points up from the low

Please take care of opening ( Gaps will cause cancellation of action/actions
accordingly)
NB: The above projections are based on the Hypothesis that from 5326
maiya has been doing a ^C^ of a 4th of which the tantative target is 5150
out of this ^C^ maiya is about to complete its 1st at 5260 level
which works out 5326-5260=66/70		( did 5257 already as 3rd sw)
while doing projections of Complete ^C^ it comes to 175
But because under this label this can't go below 5148
hence Target is set to 5150

good luck guys..

04 NOV 2011: testing of channel lines

Hi guys good morning as we mentioned yesterday to go long as soon as nifty crosses 5250...a gain of approx 75 points that too well explained...in the above chart dear RCG ji has explained about important supports and resistances....
In this chart he is giving out possibility of min 150 points upmove from 5200 levels till 5350..how is it possible ? let us see with help of trendlines..
ok as u see in the above chart the yellow line is first resistance around 5350 and the major major resistance is the red line at 5475..as we have been telling to go short via calls near 5400-5500 zone in staggered lots and long near 5200 zone + -50 points.....good luck guys ...if u see nifty closing above the yellow line go long via shorted puts....

03 NOV 2011:QUICK UPDATE

hi guys if u see the channel in above chart that has been broken...so nifty is likely to go down and test the rectangle correction top of 5170....so any long position should be taken above the resistance line coming from 5400 levels and now is crossing the channel at 5250...
The above chart by RCG ji is also pointing towards a mild correction...good luck

01 NOV 2011: RANGE BOUND MOVES

Hi guys good morning as we discussed yesterday nifty is likely to be in a range between 5200-5500....so any move towards either end should be used to short respective options....the above chart by dear RCG ji also indicates towards present move being a corrective one...good luck...

31 oct 2011: TUG OF WAR

Hi guys good morning..we are back after festive season...the close above 5200 showed its colors as we had discussed in the blog earlier..now we r likely to be stuck in a range between 5200-5500...the above chart is by dear RCG ji and has notes annotated....

• if u see the above chart then a tick above 5410 will take nifty towards white line between 5460-5500....so any move towards 5250-5300 should be used to short puts and 5500 levels to short calls with SL 5532...premium sucking will happen for next 10 days or so...
• Keep an eye on infosys if it closes above 3030 then it will be the first stock to be in bull orbit and will give initial indication of fresh bull run in Indian markets....and pls do not go by fundamental news they will remain negative till markets do not recover major levels...good luck

HAPPY DIWALI TO ALL DEAR FRIENDS

• HI Friends i came back early morning 5'o clock from an important task so i am giving a late update...the above two charts by Dear RCG Ji are self explanatory and provide views on short and long side as well...
• RBI has now hinted towards peaking of rate cycle and if europe also gives positive tail winds then we might take over 5200...to be on safer side any longs should be taken above 5200 closing basis or 5235 tick...
• we suggest that please do not carry over positions for friday and trade only on confirmation..good luck

24 OCT 2011:TRAPPING ACTION

HI guys good morning so our short call did surprise many at the last hour...it happens.. we r entering a truncated week and many more traps and sudden moves will happen ..we r trying to give u safety points in our blog 2day...

the above chart is EW analysis by dear RCG ji...notes are as follows :-

Bholey ka Damroo & Maiya ka nratya:

--------------------------------------------------------------

A: 5160-5011=149 ( 3 wave )

Therefore this is expected that ^B^ should take the form

Other than Zig zag { though nothing is RULE bound in this regard}

B: 5011- continued

B:a: 5011-5148=137

B:b: 5148- Max Target 4960

B:b:a: 5148-5034=114

B:b:b: 5034-5120=86 { perhaps completed or may do some more}

B:b:c: 5120- 5038 = 82 ( although the minimum requirement

As B:b:c has been done as well as the

Minimum requirement to qualify as of other

Than ZZ form of ^B^ ( 5148-5038=110 =

80% of B:a ) ( guided to be of other than ZZ

Form on account of “A” being a three wave.

But seeing the shape of wave “ dil abhee

Bhara nahee “ & wishing for this B:b:c to be

Of atleat 114 points ,to take maiya at 5006.

1. As per these counts. this down side move cant go below 4960

2. as per will of maiya, from the point whether it is 5038 or lower we should

Expect a upmove of minimum 85 points to 210 points { But not above 5170 }

3 If maiya jumps over(i) 5076 Target(5006), we will have to leave our hopes to meet that target of 5006.

DEEPAWALI CRACKERS:

May almighty maiya bless the all along with the above mentioned EW counts.!!

1 Matka trade Idea : if we see Maiya at around 5006 ,at that time 5200 culle( October) Should be on dirt cheap price ,so why should not we buy them ( SL 4960) for return in ROI Terms, & when maiya will be on fire then we will apply Point no. 2

2 One more trade idea on the auspicious occasion of Deepawalee :

At the level nearest to 5170 ( if maiya don’t go down to 5038 then we should start the action at 5123 ) we may sell 5000 culle / or buy 5200/5100/5000/4900 pulle ( NOVEMBER ) having a target of sub 4900/4925 or little lower levels ! ( with stop loss in upside 5170/5217 )

SOME ALERT POINTS : ( Valid until any bell out of 7 rings )

( all wave riders can easily understand the significance of these points, i am putting them here just for ready reference )

As all are well aware that Maiya is Supreme, & none can rule her, this is just a observation & always prone to be proved wrong.

5197: 1^st Danger point for Bears

5329: 2^nd & confirm Danger point for Bears

4958: ( in the immediate current down move) Danger point for Bears

4930:(in the next down move after the upmove following the current down move) non achievement of this point may trigger a danger bell to bears

4827: 1^st Danger point to Bulls ( perhaps may be proved as a advance alert )

4727: 2^nd Danger point to Bulls

4719: 3^rd Danger point to Bulls

Best of Luck, all friends & weavovisitors !

rcg

We still stick to this channel shown in the above chart as guide for the nifty ...the top is at 5120...so one can expect markets to open gap up and try to test these levels...one can try his luck by going short here with SL 5125 and conversion to longs above it for a gain of around 40 points on either side... suggested way is use of short options rather then going with futures...although any thing is possible in this heavy news flow eventful truncated week so small small trades will be beneficial...good luck..

22 OCT 2011: THE OTHER POSSIBILITY

MUST KEEP IN VIEW, VIEW FOR BEARS

In our mutual friends now a days it is a preferred assumption that, just after these present grinding moves, Nifty will go for a deep dive say for 600-700 points. (If not sub 4000, though some of us are of this opinion firmly)

Before putting any Big money on stake in the stock market, depending on Elliot wave analysis (or any other analysis), we must be very cautious.

As far as the waves are concerned, it has been always difficult if not impossible to label them exactly as per rules of EW. So many times, because of our failure to understand them exactly, we are forced to accept them as they are; even they are not satisfying the guidelines/ rules (some time).

Being inspired by above facts, I here by put an ALTERNATE COUNT of waves, which must be kept in mind as a precautionary measure.

To accept or to keep in mind these counts, we have to accept that at 4720 the down ward correction as wave C from 5944 has been over. & the action thereafter is an upward action.

COUNTS:

DOWN ward ^C^ ended at 4720 (There are some apparent short comings to accept it)

SW-1: 4720-5169=449

SW2: 5169- continued

SW-2: W: 5169-4758=411

A: 5169-4911=258

B: 4911-5168=257

C: 5168-4758=410

SW-2: X: 4758-5034=276

SW-2: Y: 5034- continued

A: 5034-4728=306

B: 4728-5160(close at 5118) =432(390) (141%/128%) (I saw this

Discrepancy many times)

C: 5160-

Thus for eliminating the possibility as per above counts, we have to at least wait to breach 4720 to lower side.

With sweet love ! To all dear friends & visitors at Dear harshal ji’s blog

Weavologic !

rcg

21 OCT: MARKETS HAVE SHOWN THE CHANNEL

Hi Guys good morning....as we discussed yesterday nifty did behave as per our first two targets ..and as i told u that i was not sure of nifty testing 5010 yesterday so it did happen....lets see ahead the likely scenario...the above chart is by dear RCG ji and notes are as below...

Maiya on Guru-Pushya yog

---------------------------------------------

A: 5160-5011=149 ( 3 wave { little change in observation } )

Therefore this is expected that ^B^ should take the form

Other than Zig zag { though nothing is RULE bound in this regard}

B: 5011- continued

B:a: 5011-5148=137

B:b: 5148- Max Target 4960

B:b:a: 5148-5034=114

B:b:b: 5034-5099 { perhaps completed or may do some more}

B:b:c: 5099 ( or the point where B:b:b ends)-

Expected to do 70 points to 114 points or exceptionally

Little more, but not more than 140 points

Giving the lower targets 5029/4985/4960

Best of Luck !

rcg

• OK folks as u know my way is firmly the shakespeareian style "BREVITY IS THE SOUL OF WIT"...so i study a lot but put it in few simple lucid sentences...
• if u see the above chart..the yellow channel will guide the prices now and most likely they are down...in case we close above this channel for 2 days and esp above 5235 then there will be a short term rally till 5500 odd levels
• Why i was hoping that 5177 will not be crossed bcoz it will damage the wave count of this intermediate wave C starting from 5940....so we are likely in wave 5 of this C and likely to cover around 700 points culminating around 4550....that should also mark the end to this corrective phase in Indian markets....
• for 2day i advise shorting on every rise towards 5140..with SL 5177..good luck..

20 OCT 2011: ELUSIVE WAVES

Deepawali preparations

Hi guys good morning i hope u enjoyed our call yesterday which was almost bang on word by word...Dear RCG ji has got two scenarios for the present move which are explained in following paragraphs...

1. Scenario (i)

If 5160-5011=149 was Part A of the Corrective

&

5011-5148=137 ( contd.) was B:a

Then Short BINDAS if not done so far with SL at 5217( 5220)

For Target Minimum 5011

2. scenario (ii)

If 5160-5011=149 was Part A of the Corrective

&

5011-5148 ( contd) was B ( though least possible )

Then too short BINDAS if not done so far with SL 5217(5220)

For the Target of Minimum 5011

N.B. Although the Targets in both the scenerios are same at minimum level

But the speed of achieving the target would be different

In scenario (i) it would be little slow than scenario (ii)

Best of Luck

rcg

• Now let us see how trade set up is likely to play ..on the down side...on breach of 5100 nifty should go to 5075 and below 5070 to 5045...once it is in that zone gates will be open for retest of 5010 and below 5000 another 70-100 points....whether we will test 5010 2day, i am not sure...
• On upside will see heavy selling at 5160, 5170 and 5196..2day it looks very difficult to cross 5200...good luck