Wednesday, October 19, 2011

Nifty heads back to the resistance-5170 for the 4th time.

1. JustNifty TA(20th Oct)


9 comments:

golfdude said...

@ilango sir,

Is this setting up for a huge neg div in daily
lead indicator ?

shivanGupta said...

Ilango sir,

in above chart you said RSI suggesting trending up from consolidation...what made you say so..i didn't get it.

joe said...

Sir Lead indicator which turned down yesterday didn't even turn up leave aside giving a buy signal does this indicate anything fishy in the market.Are we going to be in soup this time around ..............
your answer is very valuble

Fire said...

@Joe,

What the Lead indicator is showing in the above chart is called the "Bullish Hinge". It implies slowing down of bearish momentum. In general, the next period gives a positive closing. But as we are close to a very strong resistance zone, an unsuccessful move to break that zone may turn it into a "Bearish Failure" too.

Sourav Kundu said...

My gut tells me that we are going to take this resistance away this time around. This is not suggestion to buy or anything like that... having JNSAR on the bullish side is also a big reason.

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Sanjay said...

Namaste Ilango Sir & Blogmates,

Huge gap-up, with confirmation of upward momentum, but will the Diwali Gift last? Option Analysis for 19-10-2011

Duplicated at Wordpress Site

Thanks & Regards,

Sanjay Kr Jaiswal

Fire said...

TT shows 13-34 EMA Bullish Crossover for the first time. :)

Bhushan said...

Good morning guru dev & friends

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