TT has shown the weakness since 5890 once daily closed below its High ema. Now the weakness has spread to weekly time frame too except that WLEma is yet to be tested...5670.
Friday, April 29, 2011
Nifty finds support @ 100sma & Closes above 200sma.
50,100,200smas are bearishly aligned but the prices have managed to close above all of them. The last support is @ 5640-50sma if 100sma(5700) fails.
TT has shown the weakness since 5890 once daily closed below its High ema. Now the weakness has spread to weekly time frame too except that WLEma is yet to be tested...5670.
TT has shown the weakness since 5890 once daily closed below its High ema. Now the weakness has spread to weekly time frame too except that WLEma is yet to be tested...5670.
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 ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
7 comments:
NIFTY Line Chart with 200 DMA: CLICK HERE
Nothing to say....Just looked FII cash and FNO figures ....
Huge addition of 35 lac O.I. out of 47 lac is today itself... in 5400 PE when Nifty is struggling at 200 DMA.
Looks like Gold is now the NEW SILVER while silver is stuck between 48 and 49
Gold is making a Lifetime high at 1548 now.
DR sir's target achieved for Gold.
Hi Mynac,
Would you please elaborate your post in more detail? Are you telling market will go UP from here
@San: You say "A long trade with Low risk High reward is possible from here." But also note that the recent 3 highs made by nifty when it bounced back are all lower highs ... Does this project a bearish look ahead ..?
There was one chart put by Illango sir which depicted likely future movements of nifty ....
Dear Ilango Sir & Blogmates,
Writer enjoying writing OTM Calls & Puts : marketpulse-snp.blogspot.com/p/option-open-int.html
Thanks & Regards,
Sanjay Kr Jaiswal
@Prabhat
Probability of a long trade increases if nifty stands above 5750 level. Crucial support band from 5690 -5750 level. Staying below this level will favor bears.
Nifty Weekend Analysis: CLICK HERE
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