Attempted to move past 4500(Day High ema @ 4509) failed...Just about managed to close above the "Hour Low ema" @ 4450.
Weak presently below 4470 and more weakness below 4428...Or are there anymore surprises..??
Thursday, August 20, 2009
Nifty Stuck between 20 & 50 Dma...
Nifty is stuck between the 20Dma(4535) and the 50 Dma(4397)..It can stay sideways too tomorrow based on world cues.. Since the fall from 4727 to 4374, it is sideways with 4353 as a low and 4614 as a high..We have been trading in the lower range for 3 days(4493 - 4353)..If moves past 4493, strength may return till 4560-4585-4615. If fails to move past 4493, lower targets soon..
Attempted to move past 4500(Day High ema @ 4509) failed...Just about managed to close above the "Hour Low ema" @ 4450.
Weak presently below 4470 and more weakness below 4428...Or are there anymore surprises..??
Attempted to move past 4500(Day High ema @ 4509) failed...Just about managed to close above the "Hour Low ema" @ 4450.Weak presently below 4470 and more weakness below 4428...Or are there anymore surprises..??
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:
Dear Ilango,
How to differentiate between conservative and risky trade? Will you be mentioning if it is conservative?
With Regards,
Anil,
Hi Anil,
Each call has a heading, either Conservative trade or EW/ + & - Div Trade.
What you see on the top rightside of my blog is updated every evening with Profit accrued or booked.
Each morning I try to post the "EW/ + & -ve Div trade". As conservative trade is a slow one, it is not posted in the morning but is still there in the blog right topside.
Postings of mornings are archived but the postings of "top rightside" is changed every evening.
Best regards.
ilango
sir,..i was just going thr evilspeculator blog where he points out a scenario of snp attemtpting highs arnd 1050 for which 1007 odd needs to be decisively crossed...we r almost there...so in the event we do have another bear trap maybe we would not make substantial new highs like snp by starting off from low base...so we cld just be idlig more time here to create the low base..just my thoughts
thanks sir share information with us
yournifty
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