Diminishing hourly range:5,886.05 - 5,860.20 = 265,883.65 - 5,866.60 = 175,878.50 - 5,863.90 = 15 5,867.75 - 5,856.05 = 125,868.10 - 5,859.60 = 08.Holding 5860.10, a move past 5869, would indicate "intraday reversal".
Bears not able to breach day low
G.afty to Master & JN Family,Have a gr8 day !cheers
Good Afternoon sir and JN Family ! +ve divergence in 5 mins chart
From 5856.15 low + 9 points=5865 above which a likely intraday reversal.
always before a big EVENT observing a formation NIFTY trading with a DOJI candel,
testing 12EMA-D support
last week Thursday CLOSE was at 5851
Hawala @ 5825
Ilango ji,Did we finish a CT here today ??
Dear master,can expect 6th,14th lows 5831, below S1 5851
from 5965 down i mean ...
Nifty has shown signs of a ST reversal @ 5848(80%) of last rise.Its ability to move past 5886 and then subsequent 80% 5940 are needed to confirm the "last wave up".
Another low volume day?
@SORRY MASTERIt is 5838 not5831
To Day market may resolve previous day Inside DayPrevious Day was Inside Day of the Day before.If so. to day Daily pattern "Double Inside Day"Ref.the screen shot I had send last Sunday in google group.Do remembr for tomorrow to trade.
@ shriram,"5872-5879" are the 61.8 & 80% of the last fall.Till these are not crossed, the correction could continue upto 5825-28.Below 5825, I consider it as ST bearish.
Thanks sir,See a bullish WW developing on the 30mins chart, may be saying Rate cut tomo ??
@ Harish Tahkkar jii understand from 'double inside day ' pattern that market should go down tomorrow. am i right ?
thanks for your wonderful inputs dear sir. hey freinds why so less posts today? dont remmeber when it was so less posts does it suggest everyone is too complecent? stay well everyone