"5100" has clearly looks the support now and "5175, 5200,5220 and 5250" are the resistances.
Wednesday, May 12, 2010
Nifty's corrective "b" continues..
After the first fall from 5400 to 5160, Nifty was able to trade above the short term averages briefly but the selling took over immediately and the present attempt has consumed 3 days and it is still below them all. The sooner they climb above them will make it sustainable or the "OB" may soon take over to press them down again.
"5100" has clearly looks the support now and "5175, 5200,5220 and 5250" are the resistances.
"5100" has clearly looks the support now and "5175, 5200,5220 and 5250" are the resistances.
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:
FII sell 297 cr
DII buy 180 cr..
these are prov. fig..
it is good if u compare these fig.
with sebi actual Data which will be
released tommorow..
next time i will try 2 show d diff. and analyze
@ Illango sir,
Sir, so strategy should be to trade long with shorts & shorts to be exited @5175 or 5200
Dear Ilango,
Good Eve.
You have given all figures i.e. 5185, 5220, 5230 for tomorrow’s trading, so I tried to understand it in my own way, as follows:
Considering the intraday action, especially in FNO segment, tomorrow if NF shall start to trade above 5210-5220 in convincing manners then it might be an alarm for bears and if it shall start to trade above 5230 then it would be a confirmation for bulls, that at least for tomorrow they have won the battle. Possibility of sharp upward movement due to short covering in the latter trading half can not be rule out because unexpected is used to expect here only. Though it is tough, never the less, the supportive global clues might give the confidence to bulls, that, the “beyond 5230” targets are achievable now.
Gap up opening above 5180-5185, if there shall be any, will be watched carefully. Today there is almost negligible writing in 5200 CE, which would boost the Bulls confidence.
As I know that I am not a bona fide analyst,so I have taken the liberty to express, such a wild guess, so should not be taken very seriously.
Thanks.and
Good Night, Let us see tomorrow.
ty mynac, for explaining it so clearly.
Sometimes I have trouble with all those numbers in tables if they aren't put into words.
Hai ilango sir and others
I am posting the infosys weekly charts. The stock is in
a triangle. And is also forming a possible DIAMOND TOP.
http://niftychartsandpatterns.blogspot.com/2010/05/infosys-week-shows-forming-of-diamond.html
thank you
San - Alternative view of Infosys on my blog.
Blog updated with Nifty Vix n Gold - Couldn't resist
Dear Ilango Sir and Blogmates,
Here are the MP Values for 13/05/10 if it is of any help
==================
MP Values Futures:
VAH - 5165
POC - 5151
VAL - 5128
==================
Thanks & Regards
Sanjay Kr Jaiswal
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