Nifty, though turned down in week T/F, has become quite oversold in hour T/f with mild +ve div and stopped @ 34 dsma(5983), a crucial number in day T/f ,just as the same 34 period has acted quite crucial in hour T/F.
"6017"-DLEma & 2 hour high above which Nifty could get mild strength to move towards 6027-31(Month/ week pivots) & then the most important ST averages lie @ 6043-49.
"Sell on rises" generally takes the prices towards DLEma less 20 points approx.
A newly reversed trend would attract counter attack and the prices are likely to move towards ST averages(6042-49) or towards HEmas(developing ones)/ 2day highs. And at some point, it is likely to find resistances-either @ ST averages or HEmas.
"6017"-DLEma & 2 hour high above which Nifty could get mild strength to move towards 6027-31(Month/ week pivots) & then the most important ST averages lie @ 6043-49.
"Sell on rises" generally takes the prices towards DLEma less 20 points approx.
A newly reversed trend would attract counter attack and the prices are likely to move towards ST averages(6042-49) or towards HEmas(developing ones)/ 2day highs. And at some point, it is likely to find resistances-either @ ST averages or HEmas.
26 comments:
Good Morning All
good morning illango sir ^ & friends wish you to have great treading day
Good Morning Ilango Sir and Friends
NIFTY Chart analysis: CLICK HERE
Goodmorning ilango sir& blog friends.
Good morning Ilango sir & all blogmates.
Rgds
Saravanan
@Master n Dear All,
A vry Gud Mrng.
Good Morning Ilango Sir and Blogmates.
Good morning Ilango sir & all blogmates.
Good Morning Master & Friends
Namaste Ilango Sir and fellow bloggers
LV
Namaste Dear Sir and all friends
have a nice trading day
Goodmorning ji and all.
Sir ILango ji and everyone good morninmg
By fibonacci nifty SR 6039 INR 6029.
R/ilango Sir Namaste n Namaskaar 2 all reader's.
GM to All
Good Morning Sir & All Friends.
Good Morning Ilango Sir and JN Friends
good morning master and blogmates
On Fry-day TataMotors and Unitech stocks were bashed up due to an error in punching by some broking firms. SEBI or NSE/BSE dont take any punitive action against such unscrupulous people. it reminds us of the October '12 error, a 600 points cut in Nifty.
@Dr.Dinesh
pl check mail,
thanks.
Good Morning Master and copy to All
@anmpatel
Thankyou Dr
Nifty trading well into ND Sir's ATR Sell Zone now.
Goodmorning master and all JN Friends.
New Post Done.
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