Tuesday, August 11, 2009
Nifty's moves ahead.
This is one scenario that can play out if 4350-4360 holds and the "Oversold Hour" has any strength to bounce back...This could take a few hours, say by 1.00PM or so...Trading above 4475 may bring in some strength and above 4507, a short term reversal...So Initiate Long positions at lower levels..ofcourse, with some SL
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 ...
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