Below 5100, 5085 - 5070 are likely supports.
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 ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
3 comments:
Ilango sir ur view on nf at 5092 can i short positionally?
Hi Ilango
Are u expecting any sharp downward movement.I am thinking to short 5100 put which is trading at 100 pts premium.
Regards
Akhl
Hi..Jayshah, Akhil,
Aggressive traders can sell into this intra rally.
We have been looking out for a resistances @ 5120-5175 and it has come today.
Nifty has bounced off from 5080..A daily close below 5102 would give aggressive traders some chance. No "Sell & Hold" signal has come. You can write 5000 Calls..
Conservative longs remain.
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