Based on Asian cues, a tentative range of 4970/4980 -5010/5020 at the open with 5000 as the pivot for these trades.
5040 should be a strong resistance above which 5050&5060.
For the day, the low possibility is 4950-4970.
Monday, December 21, 2009
Nifty preMarket View.
A breach of 5014 in the first hour may lead to more highs as in the "Blue" scenario and Nifty may not make new lows provided 5003 is protected then on...
Based on Asian cues, a tentative range of 4970/4980 -5010/5020 at the open with 5000 as the pivot for these trades.
5040 should be a strong resistance above which 5050&5060.
For the day, the low possibility is 4950-4970.
Based on Asian cues, a tentative range of 4970/4980 -5010/5020 at the open with 5000 as the pivot for these trades.
5040 should be a strong resistance above which 5050&5060.
For the day, the low possibility is 4950-4970.
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...
7 comments:
Good Morning Elango Ji,
what is Blue , Purple and Red?
abc-x-abc & abc(12345) are they two kind of EW methods or models?
Sorry for the simple question.
Thx
KPR
Apart from nifty, ITC looks good to be long.One can buy Dec 250CA when cash @246-245 for a month end rally.Provided nifty takes support above 4900.
Hi..KPR,
Based on EW possibilities, I have charted two likely paths of Nifty for the day.
Blue lined ones are as per "abc-x-abc" corrective.
Red lined ones are as per " ab & c subdividing into "1,2,3,4,5".
There could be other possibilities too. I have preferred these two.
I am working on EW teaching in a simple way..will take up some time.
Sir,
Plz update today EMA chart
Good Morning Ilango Sir,
I have updated the analysis file you had sent and thanks once agin for the same. I have many doubts which I shall post after market hours. Now my doubt is as NS is in the support level can we go for a long for intraday with todays low as stoploss or shall we wait and see if it reaches 4950 levels?
Sir,
In relaince 1 min chart can the formation be considered as flag and pole? As reliance was increasing market also increased.
hello friends
what about oi data of puts? any body knows?
syamala
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