Wednesday, July 21, 2010
Nifty stays within the channel.
A small gap up makes it possible to climb back into the channel. "5380" becomes the breakdwn level and 5415, a break out level. Negative divergences persist.
Staying in a small range makes it possible for the "leadindicator" to turn up. Hasn't failed sofar but that is no guarantee. Need to see a break above 5415 & then 5450 firmly.
High ema has given resistances and low ema has given supports and the range is stagnant to be resolved soon.
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 ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
9 comments:
hii dimpy :)
what do you do?
can we chat on messenger during market hours??
looool, Paresh.:D
Nice to see so many women traders. Thank you for your views, Pinky and Dimpy, its terrific that you're sharing them so freely.:)
sir ,
on 29/1/10 i have been able to spot where this has
not worked well. close was between h &l emas and it
cud not give a rise. never looked into it till date.
but so thoughtfully u keep tools in the tech table
for their use
like a magician u take out tricks from the tech table
how far we have to go :-( not started ew yet
god have some mercy on me
@yoda
u never know exactly who is who????
internet is ...................
yoda, what's ur take on NIFTY tomorrow....US has a cautious start.....are we ON on bull side or on Master's side (BEARISH) :-)
@ YODA,
If I am not wrong, you too used a female pic earlier.
So what, who is Pinki or who is Dimpi.......... AND who am I?
BUT it makes sense that I am not Ilango's CRITIC !
Finally US market falling - Watch out the show now
Enjoy the ride in our market tomorrow...
Fed Chairman Ben Bernanke says economic outlook is `unusually uncertain` - sees continued growth, but warns of possible setbacks....
Ilangoji,
Please check mail.
My 2 cents...
Everyone here thinks we are going up. The market does the opposite usually of what most think. I feel 5350-5400 is the range for this month. This way the shorts added at 5300, and the longs at 5400/5500 are all trapped.
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