As per the short term view: Nifty finding support @ 5500-5515 area for 3 days(or upto 5475) will allow it for another bounce towards 5580-5595, the resistance zone of last 3 days and possibly move higher towards 5635-5675, a multi resistance zone at which point, one could look out for weakness to emerge to initiate sell.
In sum, it is trading time @ 5500 to 5590 with a breakout on the upside holding limited gains upto 5635-5675 and break down gets confirmed below 5475.
17 comments:
good morning sir & friends.
Good Morning Ilango Sir and JN Family.
Good Morning Ilango Sir and Friends
Nifty Trend lines of weekly chart : CLICK HERE
" Do not attempt to look for a perfect system. There isn't any. The right approach is to weigh the risk-reward and plan a trade with your own parameters to be fulfilled to initiate a trade. Market never will leave you behind and run off as long as you play by the known technical studies and even if they do run off, one miss will not harm your wealth."
Above lines from Yesterday's EOD ARTICLE
sir,
which method to track/follow : jnsar or elliott
wave calculations.or a combination=which sometimes
is contradicting
pl suggest.
thanks
sir ji,
i calculate for 14 companies daily
waves 1,2,3,4,5 and A,B,C
Any one notice Silver movement, Silver just take U turn from 100 day EMA at 54500.00 Never close below 100 day EMA and from there 4000+ movement.
I will book my 50% position today at 59000.00 +
gd mrn to all seniors
down side may start possibly from next tuesday.
good morning, seniors..
Good Morning ilango sir and friends,
Today's Quote received :
One should
Dilute his sorrows,
Evaporate his worries,
Filter his mistakes, and
Boil his ego……
To have a crystal of Happiness.....
Good Morning ilango sir and friends
dear dr sir,delayed your punch line..
Generally all minor impulse have been 450-500 points and minor
corrective rally has been of 175-200 points (38.2%).
5690-5886 = 196
5625-5801 = 176
5410-5606 = 196
this bounce so far is only NF 5605-5444=161 points.
so if it is not finished yet, high can go may be 35 points higher than 5605
in NF. spot probably may go only 20 points higher.
Hrly Low EMA at 5536, DLEMA AT 5520.. Two supports at this time.
what is ORB today?
New Post Done.
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