Nifty continues to do "ABC" corrections and "looking for 5 waves down" is "not following the market"...
Both the earlier lows of 5160 & 5202 have been breached leaving no room for any doubts about this reversal.
21-Hour High got breached at 12.00 Noon giving an early "Long entry" to be confirmed by a 5-Day High breach above 5251.
11 comments:
FII buy 264 cr
Dii buy 30 cr
sir i jst put ths at first so that
v cn chck liquidity position too..
Some candlestick patterns shows what's about to come
SUGGESTED BEARISH ENGULFING IN RNRL LOOK AT THE CHARTS
NOW.
http://niftychartsandpatterns.blogspot.com/2010/05/reliance-natural-resources-bearish.html
Hai everyone
Nifty resistance point for tomorrow on charts. I am posting
the chart here.
http://niftychartsandpatterns.blogspot.com
thank you
@ gautam
Thanks for the invitation....!!
@ Illango Sir,
It means sir we have to enter long if Nifty sustains @ 5250
I had just started learning EWI any particular book on it sir.
@Yoda,
i do share your view that whether this will sustain for more than 3 days...but lets see how it spans out.
@Raja
I agree with BOR but knowing internals, do u think it is worth picking up...i feel it is high probability risk counter...
sri
Dear Ilango Sir & Blogmates
The MP Values given below
MP Values Spot: VAH - 5202, POC - 5106, VAL - 5092
MP Values Futures: VAH - 5207, POC - 5165, VAL - 5118
Thanks & Regards
Sanjay Kr Jaiswal
@illango sir
Considering that euro has given up a sizeable part of it's gain
If this is wave 4 (3 ending at 4987) what are the possible
Targets for this upmove.
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11th May MP values(Nifty future price)
VAH- 5198
POC- 5184
VAL- 5168
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I call action of May 10 - the Creeping Day. You dont need oscillators nor indicators. Close them as they will give whipsaws.
Use only Moving Averages.
Such creeping days are precursor to a short term trend change.
@ alphabet1
plz elaborate what u r trying to say..??
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