Scenario.2: A minor upmove is expected at the open towards 4595-4611 (Pivot) and then fall to another low which might attract buying around 4485-4525. Above 4611, the channel resistance would be around 4630-4640.
Wednesday, November 4, 2009
Nifty PreMarket View.
Scenario.1: A gap up towards 4611(Pivot), a minor pull back to 4570-4580, to be followed by another rise to R1 @ 4681.(If it is a "V" shape recovery, it may head higher).
Scenario.2: A minor upmove is expected at the open towards 4595-4611 (Pivot) and then fall to another low which might attract buying around 4485-4525. Above 4611, the channel resistance would be around 4630-4640.
Scenario.2: A minor upmove is expected at the open towards 4595-4611 (Pivot) and then fall to another low which might attract buying around 4485-4525. Above 4611, the channel resistance would be around 4630-4640.
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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
2 comments:
Dear Ilango,
Thank you for the update,still holding the written 4400 put, I have written 300 put at 30 Rs, I ahve 40 nifty short at 4597, should I add to short nifty ? or start covering 4400 put in loss ?
Cheers
Kapil
hi llango,
a request,
could you put up a chart on mercator lines on your stock wealth blog with imp levels and ew count..
thanks and regards.
ankit
Post a Comment