Trading for the day: One could buy into the weakness around 5020-5030 and exit either @ 5080 or 5100++. And the SL is a fluid 4990-5010.
A. A correction day with 5080 - 5010. OR
B. A mild correction to 5020-5030, followed by a new high...
Thursday, October 1, 2009
Nifty Pre market View
The support line extremes for the AM session is @ 4990 and the same is rising into the PM session to 5010. Anything above 5100 should invite profit booking and preferably exit for the weekend.
Trading for the day: One could buy into the weakness around 5020-5030 and exit either @ 5080 or 5100++. And the SL is a fluid 4990-5010.
A. A correction day with 5080 - 5010. OR
B. A mild correction to 5020-5030, followed by a new high...
Trading for the day: One could buy into the weakness around 5020-5030 and exit either @ 5080 or 5100++. And the SL is a fluid 4990-5010.
A. A correction day with 5080 - 5010. OR
B. A mild correction to 5020-5030, followed by a new high...
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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
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