Today's price action shows a "Pause". Under normal conditions, it should resume the downmove or continue its "pause mode" for one more day. Staying above Day's pivot-5730, it could attempt DEma-5786 or 5800. Breaking below 5730, it could move lower to 5665.
Below chart was shown @ 12.30PM with the likely intra moves based on "perceived EW Study".That is discreet application of various studies to suit the occasion.
Rising VIX has dragged the index down so far. Only a move past 23.50 would unsettle the larger trend. VIX below 21.75-22.0 could result in a bounce/ rally.
The short term has shown resilience around 5690-5721 zone (First two lows made when the fall started from 6339) and TT has ended the day with Hour TA Up. The day TA remains down & week TA up. Overall upward momentum is missing with a close below all High emas. Downward momentum is elusive inspite of a close below DLEma. That leaves us with two challenging days to handle. Pricewise..only a move past 5830(JNSAR) & 5898(Last peak) would reverse the short term down trend.
Below chart was shown @ 12.30PM with the likely intra moves based on "perceived EW Study".That is discreet application of various studies to suit the occasion.
Rising VIX has dragged the index down so far. Only a move past 23.50 would unsettle the larger trend. VIX below 21.75-22.0 could result in a bounce/ rally.
The short term has shown resilience around 5690-5721 zone (First two lows made when the fall started from 6339) and TT has ended the day with Hour TA Up. The day TA remains down & week TA up. Overall upward momentum is missing with a close below all High emas. Downward momentum is elusive inspite of a close below DLEma. That leaves us with two challenging days to handle. Pricewise..only a move past 5830(JNSAR) & 5898(Last peak) would reverse the short term down trend.
15 comments:
Dear Ilango Sir & Blogmates,
Today’s Trade – Not much change in OI Table? Option Analysis 19-04-2011
Thanks & Regards,
Sanjay Kr Jaiswal
Exit problme sloved hope will work perfectly on other
systems if any errors give feedback
PIBDataSynchTool 5.1.0.3
www.4shared.com/file/fzBtOqHb/PIBDataSynchTool_5103.html
hi sir
fii selling figure 7690 cr..
must be cairn vedanta deal
Special day,
BSE Cash Turn Over greater than NSE Cash Turnover.... Rare Case....
NSE CASH TURNOVER Rs.10804 Cr.
BSE CASH TURNOVER Rs.12751 Cr.
& Following are the trading activities...
FII Net sold -7690.65(Rs. Crores)
DII Net Buy + 208.33(Rs. Crores)
Respected Sir,
U r doing a good job as always 4 us
Thanks for education.
Sanjay - Thanks for the clear analysis to justify the expected range of trading. Wanted to thank you but unable to post. What mistake am I committing trying to post?
@ manu,
"must be cairn vedanta deal"
means you are watching/tracking "that" deal too.:))
Nevertheless. Thanks for the clarification.Because we ordinary traders are gullible & just look these figures whether it is + or - today.. :))
RG,
You made a very big statement towards the end of the day..
Possible? Any destination in mind?
thank you very much for teaching everyday.sir i am not trading till my mind settles with TT.
Dear Friends,
The FII data has been removed and new data posted by NSE, which is FII bought net 1693.19 Cr.
Thanks & Regards
Sanjay
Dear Rajgopal Sir,
Thank U.
There seem to be some problem for comment posting from stand alone pages but it is working fine in Home Page. If u want to comment please use the Home Page Comments.
Thanks & Regards
Sanjay
GE mynac :)
very special day..what's your turnover?? :D
just look these figures whether it is + or - today.. :)) huh. is it ordinary trader work??? do you think so!!:) ordinary trader means like me who doesn't know anything about these technicals and all :P
good night.
regards
i am too expecting positive to sideways movement for next few days before the downtrend resumes again...5800 should be the wall of resistance now...candle formation since today are having close similarity in the January price movement....yesterday long stick on the top candle had similarity with 13th Jan price movement for the day and today it is closely matching to the one formed on 24th Jan candle values were O-5717, H-5756, L-5697, C-5743 and Todays O-5716, H-5762, L-5693, C-5740...On 25th Jan we open in green at 5763 reached the high of 5801 then made a low of 5680 and closed at 5687....Will 20th April be same? Only time will tell us
Hi All,
When the long term ( 6 months to 01 year)
charts based on Yahoo RT chart shows a stochastic
above 80 , one needs to be cautious with longs.
This tool will immensely help positional traders.
The value, at present indicates overbought levels.
good morning master,missing your premarket.late today?
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