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...
4 comments:
Hi Ilango,
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Thanks
Nifty Trader
RideNifty.com
Hi sir,
what are the chances of nifty going below 4900 today??
hi..
It all depends on the OI in individual stocks..Technically, a bounce is expected from this support area of 4905-4935 and Nifty seem to be holding there well. Now, if it can move past 4960. that can bring some decent rally.
sir what about the logic of all world markets being down around 1 - 1.5%
shouldnt nifty also go down by 1.2% atleast once..
I feel nifty should breach the 4910 mark..
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