For tomorrow, trading below 2596 may lead to 2575., below which it may fall rapidly.
Thursday, March 12, 2009
Nifty's near term range narrows to 2543 - 2646.
Though Nifty managed to stay above the R1.2596 and even scaled R2.2620, it gave away all its gains when it neared the 5 day high ema at 2648 after developing negative divergences in the 5-minute chart. Thus, the day's action was in line with the larger bearish trend. An attempt was made by the bulls but could not keep the momentum. Safe longs above 2630 only.
For tomorrow, trading below 2596 may lead to 2575., below which it may fall rapidly.
For tomorrow, trading below 2596 may lead to 2575., below which it may fall rapidly.
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:
Nowadays Sameer's intraday chart s missing... this one minute chart is very helpful.
Don't know whether u r going to continue this, or becoz of this wild swing in nifty, u r posting this, but continuation of this will be very helpful to your followers.
Thanks in advance.
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