Thursday, July 5, 2012

Nifty breaks out of the smaller consolidation.


12 comments:

Sanjay Jaiswal said...

Namaste Ilango Sir & Blogmates,

(Bullish : Consolidation with Higher High in the making, need to be cautious at higher levels now....; Option Analysis for 05-07-2012

Dedicated Option Open Interest Blog

Duplicated at Wordpress Site

And would like to Thank each and everyone who blessed me today and would like the same on 12th July.

Thanks & Regards,

Sanjay Kr Jaiswal

mynac said...

Good Eve....
Better late than never :)
Happy Birthday Dear Prakaash Duraisamy

Amol Sharma said...

11-Jul-12 will be 144th (fibonacci number) trading session from bottom of 4531.

mynac said...

Dear anmpatel,
Now my duties are shifted,away from Pune,where Net services are not available so it has become tough for me to participate,in market hrs.as earlier.. so only could not reply you... so please bare with me....

Nevertheless,try to join JN,for "day market activity" whenever get chance...

anmpatel said...

@mynac
no problem buddy. be perfect at your duties.

mynac said...

Today there is only one high volume trade @ 5329 @ 3.17 PM...when Hrly tech.Table looks tired.. Mhema 5339 standing as hurdle ahead...and intra day Hi-low range shrinking from last 3 days... Let us see...

shriram said...

namaskar mynac,

just see how Monthly price has behaved in june

Came up from Below 5MloEMA & now knocking on Ceiling @ 5mnHiEMA

Tho we r too early in this month & a lot of time has to flow, for now
Dev 5mnEMA -10MnEMA has given a BULL x-over

If this sustains @ end of July'12 , we can see BIG upsides upto 5900 odd... else if 5mnHiEMA @ 5334 resists, we shall osciallate again in a range

mynac said...

Dear shriram,
you said"If this sustains @ end of July'12 , we can see BIG upsides upto 5900 odd..."

It may... nevertheless it is observed earlier that whenever this kind of big up-move has taken place,in-spite of Daily & weekly overbought alike situation,Hrly.Tech.is always helpful then..

but in current situation though,extreme bullish possibilities are there, Hrly.tech table does not suggest any "longer time sustainable" upmove from here.

To fulfill their wish,First,Bulls will have to cool down Hrly.tech table as usual tactfully and thereafter they can dream further run...
Let us see..

Ghoda Maidan Javalach Aahe. Baghuyat...kay kay hotay te...

Good Night....

shriram said...

V true mynac

tats y the "if this sustains @ July'12", is so crucial!

The power of the x-over is revealed ONLY & ONLY @ the end of tat particular T/f (in this case month end)

TILL THEN LETS PRAY TO THE MA GODS & REMAIN SYSTEMATIC ROBOTIC IN OUR TA :-)

Goodnight all!

Amol Sharma said...

China's central bank cut interest rates for the second time in a matter of weeks on Thursday

STOCK4SURE said...

brazil index bovespa is up nearly 1.5%
clue for EM

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