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:

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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..