For the day the range may be 2860/2885 to 2955/3000
There
Tuesday, March 24, 2009
Nifty gets resisted above 3000, to seek 2860 for support
Nifty has retraced the last fall from 2970 to 2539 in shorter duration, indicating a first signal of a possible trend reversal. This helps in looking at the fall as profit booking or a correction to the sharp rise. Retracement of 0.236 @ 2904; of 0.38 @ 2835; 0.50 @ 2778 and 0.6182 @ 2721 and an "a-b-c" form in the correction to be looked out for. During this correction, Nifty can go past 3017 as a "b" wave too. Nature of correction and the volume will guide us through this phase. So a broader trading range of 2780 to 3020 may play out in the coming days.
For the day the range may be 2860/2885 to 2955/3000
There
For the day the range may be 2860/2885 to 2955/3000
There
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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
1 comment:
"There" - that's u sir....
U r differentiating the chart... thank u
If time permits, can u please post charts which is showing +ve, -ve divergence (in all RSI,MACD,%K, %D etc) as a week end special...n VFM all r posting... but would like to learn(copy?)from u...
Thanks in advance.
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