All longs are at a loss and they are left with only hopes. Unwinding by the bulls at every rises will keep the nifty under bear grip, unless delivery based buying comes at certain levels which can trigger a short covering..
Wednesday, November 19, 2008
Nifty on its 5th down...a most likely scenario.
This November settlement started around 3000, made a high at 3240 and trading near 2600 when only 6 trading days to go for the end of the settlement.
All longs are at a loss and they are left with only hopes. Unwinding by the bulls at every rises will keep the nifty under bear grip, unless delivery based buying comes at certain levels which can trigger a short covering..
All longs are at a loss and they are left with only hopes. Unwinding by the bulls at every rises will keep the nifty under bear grip, unless delivery based buying comes at certain levels which can trigger a short covering..
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
4 comments:
Great Gr,
Even i had the same view yesterday posted it here http://www.vfmdirect.com/forums/show.cgi?topicid=1227036862#1227115734 but seems no one cared.
Nice Analysis
it was meant to be great sir
With Intraday analysis of Yahoo charts you site has become very educative. keep up the good work.
In your view do you expect 2525 to hold today on a closing basis.
2525 may not hold..A possible small intra bounce is likely from 2450 - 2485 area..
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