50% retracement of 5702 to 4720 fall comes @ 5211 & so do R2 for the day.
Holding above 4970-Week Pivot, Nifty is poised to meet R2 of week-5229 & so do gap end from 5323-5230.
For the day & for the week, 5177 to 5230 range becomes huge resistances and traders test such resistances with selling. Exactly at which point it would find resistance is not known but supply is likely to come. FII's net buying has come down from 1158 cr on 02nd sept to 14 cr on 08th sept.
Remember...Selling hasn't come yet but we "expect" that it might come around this zone marked as "resistances". Now market has to prove that if it is indeed a resistance zone(Supply zone) with its price action.
The action would be centered around "Week High Ema" today as a close above it will take the bulls to the next level of upward momentum and failure would lead to "consolidation/ correction" in the coming week.
Weakness would be evident at the break of 5140(Day Pivot) & 5100(Yesterday's low). Developing week Pivot is another point of contention on the lower side.
Earlier supports acting as resistances is being put to test when Nifty enters 5177-5196-intra(Last two major supports & the current WHEma) & 5226-5258-close basis.
35 comments:
Good Morning Ilango Ji,
SGX Nifty trading @ 5155.50
good morning,master & friends.
Good Morning Ilango Sir and Friends
Nifty daily analysis: CLICK HERE
Master Ilango and friends,
GOOD morning ☺☺
Namaste Ilango Sir all teachers and good friends at this
nice home
Good Morning Ilango sir and friends.
Good Morning Ilango sir and Blog mate friends....
Good Morning Ilango Sir all the gems of JN
Good morning ilango sir..
Gm Ilango sir and all blogmates.
Namaste ilango sir and friends,
May the spirit of Onam remains everywhere:
Whatever you do,
Whatever you think,
Whatever you hope in your life
"Wish you a Happy Onam"
Good morning Sir
Good Morning Master and Seniors
Namaste Ilango sir & All.
for all intraday trades, mid bb in 30 min charts comes at 5135(developing)
Good morning Ilango Sir and all blog mates
sir
thank u for the detailed analysis. such analyses will
go a long way educating ur students
Gm Illango sir & all
Good morning Sir, Seniors and friends.
@ Ram Charan is 5135 spot or futs
jayant: spot
gm everyone. Aggressive sell at 5153 since towards WHEma ( 5175 )
and 34DEma ( 5150 ) with SL at 5175 ( week J10SAR ). Target: 5114 or below.
Thoughts ?
gd
@San,
Is Mid. BB 5005 in your chart?
Good Morning Master and copy to all
Hyderabadi Baatein
A Hyderabadi on the road
It some time looks stranger than fiction when a Hyderabadi while driving on the road feels that he is the 'king of the road' and the traffic rules are meant (only )to be broken, so don't ever cross the path of a Hyderabadi when he is on the move. In case if you cross his path, he invariably tries to get into an argument as if 'raking up a fight is in the blood' of Hyderabadi.Even if he is wrong, as the proverb goes "barking dogs seldom bites", he tries to get you by neck but the crowd around him stops him by holding his hands while he vainly tries to get his hand over you (a Hyderabadi seldom gets into fitscuffs )so don't worry you won't be beaten but you have to bear the choicest abuses in the Hyderabadislang.
Courtesy :- http://pswaroop.blogspot.com/2005_11_01_archive.html
GOOD MORNING..................
@Prabhakar
It's @ 5002 right now.
Dinesh Rishi brother
Swaroop is rt now at pune. thali two hathse hi bathe hi.
please Hyderabad is not that much bad.
regards
darshanan
Kumar Sir GM
Break 5125 Fut otherwise Obama will take Nifty to Moon
New Post Done.
good morning Sir and warriors
Can the RBI do the same?
http://www.bbc.co.uk/news/business-14743866
Master Ilango and all friends,
HAPPY ONAM TO ALL .
http://pswaroop.blogspot.com/2005_11_01_archive.html
Am in the US
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