Nifty making new highs periodically but with less momentum - 6042, 6069, 6083.
Nifty continues to make higher lows - 5823,5941,5988.
Corrections have been minor in nature with more time taken in.
There seem to be a "rising wedge" pattern(bearish) in Nifty & BN(more pronounced).
Market has deceived with such a pattern when it actually does a "running correction"(bullish).
It should get resolved above 6135-50 zone or with a month close above 6135.
Market continues to display "scrip specific" moves and not a "secular" one.
Nifty continues to make higher lows - 5823,5941,5988.
Corrections have been minor in nature with more time taken in.
There seem to be a "rising wedge" pattern(bearish) in Nifty & BN(more pronounced).
Market has deceived with such a pattern when it actually does a "running correction"(bullish).
It should get resolved above 6135-50 zone or with a month close above 6135.
Market continues to display "scrip specific" moves and not a "secular" one.
36 comments:
Good Morning, Ilango Ji
Good morning everyone!
Good Morning Ilango Sir and Friends
BANK Nifty Chart Analysis: CLICK HERE
Good Morning Sir & All Friends.
Good Morning Sir & All Friends.
Good Morning Sir and all
Good morning ilango sir and blogmates
GM Everybody,
Nifty trading in a tight range with the help of good news inflows & global markets,nevertheless it's behavior bet.6045-55 & 6115-6125 should be watched carefully when long 8 trading day's are left for expiry & NF O.I.below 1.45 CR.
Have a nice trading day...Bye...
Good morning to All
Goodmorning ilango sir & friends. Friends evining star explain pl. Have a profit day . For all blog friends.
Good Morning Master and JN Family.
Good Morning Master and Seniors
Good morning sir & friends
GM Master,Sr's n Fellow blogmates
Have a great day.
good morning master and blogmates
Good morning Ilango sir & all blogmates,
Rgds
Saravanan
Good Morning Master & Friends
sir
looking at the last upmove from 5988 to 6083
a 5 wave impulsive with its 38.2 correction to 6048 is over.
Hence above 6048 up move and vice versa
Good morning Ilango Sir and friends.
Namaste Ilango Sir and fellow bloggers
LV
Namaste Dear Master and all friends
Have a nice and profitable day of trading
@ srinivasan
http://www.investopedia.com/terms/e/eveningstar.asp
GoodMorning Sir and All..
Good morning master & JN family
Have a nice day !
Good Morning Ilango Sir and Seniors
Good Morning Ilango Sir and Blogmates.
gm sir , freinds and all my seniors
Goodmorning ji and all.
:) Everybody is standing on the platform and watching the train carefully whether it is going to halt or catch speed.
Meanwhile, suddenly they also find that entry prices have been raised by Railway Minister :)
Lagta hai retail is going to keep sipping cutting tea and watch train catch up speed only. No chance of boarding running train, also since boarding running train is dangerous too.
Those who are in the train, Good luck!
GM to Sir & all friends,
Parmalji,
Any views for Wipro/TATA STEEL pl.
Thanks.
good morning to all.
Tata Steel: hrly: price below 21hrsma and 34hrsma. day: corrected upto 200DMA (38% retracement) and seems halting (consolidating).
Wipro: hrly: price below 21hrsma and 34hrsma which are giving negative crossover. recent correction is being retraced a little today.
@SBSB: Don't worry, just relax, retailers also get chance as long as trend is followed.
@Mynac: Premium eroded to 8 points, using the gapup to reduce premium. OI is yet to reach the desired levels.
Thanks Parimalji,
means sell on rise in Wipro &
Buy on dips in Tata Steel?
By fibonacci nifty SS 5984 amd 5963, IS 6039.Have a green day.
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