Thursday, November 8, 2012

Nifty pulls back to the break-out point to "cool off" the hour TA while keeping higher T/F TA intact.


14 comments:

J.R.Julius said...

Today Camarilla L3 & L4 both not worked.
Tomorrow 5757 not crossed - SAR Possible.

bizagra said...

Ilango sir...todays closing tells most probably it is 2nd of fifth with one more leg down possibility....correct???
thx

shriram said...

bears will rejoice if they can force an EOW close < 5672 tomo, to turn down Wk TA,

bulls needs to protect 5689 @least ,5722 will be ideal

ITradeForProfit Daily said...

Today even DII turned net buyers.

Also master's MACD and RSI suggest "Turned up and triggered".

In all probability, we may open with a nice gap up and then have a open low same throughout the day tomorrow.

Parimal said...

Despite all odds on international markets, today Nifty has moved above the resistance level of 5720-25 and closed above this crucial level. it is nearing the high of one month. protection of 5680 is necessary for a sustained upmove.

Parimal said...

Moreover, day KST shows a positive crossover in the positive territory

Dinesh Rishi said...

Tom is

http://25.media.tumblr.com/tumblr_l22crxGFmO1qz5njko1_500.jpg

ITradeForProfit Daily said...

Wah DR Sir !!!

CHakhna acchha hai

Dinesh Rishi said...

CHakhna in Punjabi is called Nukul

Satish said...

since market is closing near the day high from last 7 season,very bullish sign but master is bearish from premarket view,confused but following my view.

mynac said...

Dear Shriram,
I do not know EW but have experienced it many times that when Nifty is trading above or have potential to trade above Hr and Day HEMA and though it looks or giving you a feel of overbought alike condition in Week and Month frame,"it has always hidden potential to surprise market participants...."unexpectedly"...in the upward direction...
In situation like that Bulls used to throw Nifty at-least 100 points up from previous close and used to minimize the chances of fall..

Praveen Kumar said...

Bottoms up DR ji, with yr chakhana....

Shradha Saburi said...


Good evening all,
this is just for your info...
The major averages are testing their 200-day moving average lines which serves as support,” A couple of major indexes broke those support levels on Wednesday, and that could open up the way for more selling,

Among the 200-day moving averages to watch:

12,991 for the Dow Jones Industrial Average which was broken Wednesday.
1,380 for the S&P 500 , which is still holding.
2,982 for the Nasdaq Composite NDAQ also broken Wednesday. source: market watch
regd

shriram said...

And that is exactly wot i m gunning for Mynac saheb ,

May ur words ring true wid the Wave Gods :-)

Goodnight

Post a Comment