Four days gone by, Nifty could not touch the Weekly R1 and reversing towards Week Pivot @ 4934. Bulls may fight for 5028(Week high ema) as well as 5048(Day High ema). It is tough..
Thursday, November 19, 2009
Nifty caves in after persistent -ve div..
Nifty has closed decisively below 5 DMA and broke the channel too and thus turning the short term trend to Down. A correct rally, if any at this stage,may find multiple resistances at previous supports @ 5015 & 5045. Fall may find temporary supports @ 4900-4940 unless global cues are terrible.
Four days gone by, Nifty could not touch the Weekly R1 and reversing towards Week Pivot @ 4934. Bulls may fight for 5028(Week high ema) as well as 5048(Day High ema). It is tough..
Four days gone by, Nifty could not touch the Weekly R1 and reversing towards Week Pivot @ 4934. Bulls may fight for 5028(Week high ema) as well as 5048(Day High ema). It is tough..
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:
Illango Sir,
The negative Divergence observed in the last few days finally lead to a move in that direction.Sir,please if you have the time (during the weekend or so)can you comment on what else we need to look once we observe a Negative Divergence or (positive divergence) on the charts.
The reason i ask this is because i have seen positive/negative divergence taking place but the move never occurs,and this just leads to me booking out early or getting stopped out in case of a short trade.
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