"6057-61"-Day & Week Pivot as well as DEma, 34 Hr sma-closing below them suggest weakness.
"6040"-channel support, below which "6029", the 80% of the last rise from 6008-6112.
Nifty may have completed the "pause" after the sharp fall from 6112-6042 of 29th.
OR holding above 6029, it could still attempt to prolong the pause/ bounce being the "settlement day".
50% & 61.8% of the fall @ 6077 & 6085 are the major resistances. Nifty, thus far could attempt only 38%
There is only one number of the month that comes close to defend...6034, the developing mth pivot.
ST Technicals point "down" as reflected in TT but the Week & Month remain "UP".
That, coupled with 6 hours of trading, could lead to some choppy times.
"6040"-channel support, below which "6029", the 80% of the last rise from 6008-6112.
Nifty may have completed the "pause" after the sharp fall from 6112-6042 of 29th.
OR holding above 6029, it could still attempt to prolong the pause/ bounce being the "settlement day".
50% & 61.8% of the fall @ 6077 & 6085 are the major resistances. Nifty, thus far could attempt only 38%
There is only one number of the month that comes close to defend...6034, the developing mth pivot.
ST Technicals point "down" as reflected in TT but the Week & Month remain "UP".
That, coupled with 6 hours of trading, could lead to some choppy times.
16 comments:
GOOD MORNING ILANGO SIR & BLOG FRIENDS. HAPPY TRADING FOR ALL.
gm master
Goodmorning master jl and all.
Good morning Ilango sir & all blogmates.
Rgds
Saravanan
Good morning Ilango sir & all blogmates.
R/Ilango Sir, Namaste n Namaskaar 2 all reader's.
Namaste Dear Master and all friends
Have a nice day of trading
Good Morning Ilango Sir and JN Friends
Asian paint opening at resistance level.. breakout can give 3-4% rally
Good Morning Master and copy to All
Sir ILangoji and everyone good morning
Morning Master & JN Family
rgds
Hi llango,
Could you tell us in how much time should nifty retrace 6008 so as to count it as a valid faster retracement??
GoodMorning Sir and All !
New Post Done.
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