Wednesday, June 1, 2011

Nifty PreMarket View

Will not be available to intra update. Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points for intraday traders.
Nifty has entered the resistance zone @ 5565-5625.50Dma is @ 5635; the effort to reach the resistances with a near 250-300 points rise as well as a potential completion of a 5-wave up(Hour)would bring in a correction which could be shallow - 23.6% to 38% or deep to 50% or more.
Only a close above 50Sma would signal a bigger rise (to 200sma or more)while a fall below 5440 would reverse this upmove.(These levels would change as the market progresses).
BankNifty Analysis could help.


210 comments:

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Badri said...
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cooldent said...

Thanks FIRE. and i had mailed you the photograph links yesterday. may be went to junk ;)

cooldent said...

Thanks fire. and had mailed you the photograph links yesterday. may be went to junk :)

Unknown said...

thanks everyone for the day have a nice evening

Unknown said...

thanks everyone for the day, have a nice evening.

Beautiful Life said...

@ FIRE
Thanks for guiding us when Master is away.
Booked profit @ 5585 and re-bought @ 5565.

Beautiful Life said...
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Beautiful Life said...
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Anonymous said...

@FIRE - Thank you for filling in master's void -

Like how kumar sir appreciates you you really are a star

god bless !

Fire said...

Friends,

I am overwhelmed by your loving words. But we must remember that Master was always here the whole day. HIS TT showed no price weakness, so no shorts were preferred. MASTER'S COUNTS suggested that a new high is possible. Finally, all I posted today, every single bit was from HIS EXCEL. I was just an interpreter for the novice ones just like me. Seniors like DR, Kumarji,Sujatha and Mynac continuously gave their valuable advice for the benefit of us all. We, the JN family, are for each other.

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