A most likelihood of continuation.
A close above 5042 will neutralise it or 5062 should reverse it.
Hourly Low ema & high ema gave the direction for the "Inside day". A close below "Hour low ema" will speed up the fall.
Thursday, December 17, 2009
Bulls & Bears fight for Nifty-5042 (Week ema).
Inside day. Two days of pause action after a day of dramatic fall.
A most likelihood of continuation.
A close above 5042 will neutralise it or 5062 should reverse it.
Hourly Low ema & high ema gave the direction for the "Inside day". A close below "Hour low ema" will speed up the fall.
A most likelihood of continuation.
A close above 5042 will neutralise it or 5062 should reverse it.
Hourly Low ema & high ema gave the direction for the "Inside day". A close below "Hour low ema" will speed up the fall.
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 ...
12 comments:
no bull no bear everything is fixed. Market will correct, to take out these levels is not an easy thing
Dear Ilango - is there a website which will give nifty hourly figures ???
Dear Deepak,
Please inform me also if there is some site which can give us nifty hourly figures along with the open, my email id is ask1255@gmail.com
Thanks Ilango, for sharing the Nifty.Tech.A sheet.
Regards,
Panduranga
Hi..Akash,
Does it really matter to us that "Nifty is fixed". Does it help you in anyway.So why bother about such things.
As so many here monitor the fluctuations of OI, they figure it out and play it.
A small trader play it simple whereas a big trader play it with complex strategies with hedging, strangling, straddling, etc., etc.
My critic always say: " why do you want to bother about all such irrelevant factors..?..Price says it all.!"
And haven't we seen it..!
Hi..Deepak & Arvind,
I will give a small short cut to it. Open an India Bulls broking a/c. It does not cost you much. Their intraday charts are excellent and very much live unlike many others and with a right click on the chart, you get your Open, High, Low & close in a second.And it can be easily copied with "Ctrl C" and pasted to the file.
I do not think you will get it from any other site "live".Or else go for "icharts" paid subscription.
Ilango sir,
In the tech table, weekly low is noted as 4980 whereas this week so far it is only 5002 ...
sri
Dear Ilango
Your analysis are fantastic. Friday there was serious selling of 5200 calls and it was visible what was coming, when a fall comes things change dramatically.
To take out 5200 is not an easy job, the money index shows serious buying what was seen in last 4 months is missing.
Basic says if a market cannot go up it has to come down, right now market wants a reason to come down.
Good luck
Akash
Dear Friends,
Nothing can be fixed here. When we anticipate some thing and market does not behave in that direction, we get frustrated. We feel cheated. But this is the market. Here unexpected is always expected. There are lots of factors responsible for it.
Those market players who have bought and have poured lots of money here in equities, not just in FNO, or day trading will never want market to come down because no one likes the idea of melt down. They will definitely try very much hard to keep it up and up only. But, when their majority starts to convert in minority they become helpless and they are forced to give up their efforts. At one point, they realize that they were the last fools, because after all this is a greater fool theory game. So let the time to decide whether they were fools or they were smart.
Hi..Sriganeshh,
You are right. That was my experimental entry for the week lows to see the changes. I did not undo it.
Will correct it later. thanks.
hi..daxesh,
I will send you the file tomorrow morning after updating.
Ilango sir,
your experimental entry seems to be bang on target and we may see that tom as gap exists in futures chart in that area...
sri
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