My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
Wednesday, October 28, 2009
Nifty PreMarket view.
Previous top @ 4727-4744 seem to be a temperory support for a relief rally which might be tested either today or tomorrow. There are other supports like 4786(First pause after the break out past 4727-4744) and 4813 -13 week avg.
My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
My guess is a test of 4786 and an intra bounce and another fall below 4786 to complete this sharp fall from 5033 to be succeeded by a sideways move.
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
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...
1 comment:
4784.1 low made on nifty sir, excellent stuff. Though it can be shorted on the higher side around discussed 4860 zone.
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