Nifty has been "consolidating" & breaking down for quite some time now.
One more break down is likely today after the consolidation of Tuesday.
"5583" is a crucial support number closeby.
And there are few crucial numbers in reckoning today being EOW & EOM.
"5642"-MLEma
"5687"-WLEma........or the developing one if new lows are made.
Price structure in "Hour chart" has been converging as in a "Falling wedge" which is ST bullish if 5583 holds, prices bounce back to move past 21 hr sma/ channel resistance.
This does not, in any way, alter the higher T/F bearishness. That would require a close above WEma/ MEma. Until then, sell on rises remain in force.
One more break down is likely today after the consolidation of Tuesday.
"5583" is a crucial support number closeby.
And there are few crucial numbers in reckoning today being EOW & EOM.
"5642"-MLEma
"5687"-WLEma........or the developing one if new lows are made.
Price structure in "Hour chart" has been converging as in a "Falling wedge" which is ST bullish if 5583 holds, prices bounce back to move past 21 hr sma/ channel resistance.
This does not, in any way, alter the higher T/F bearishness. That would require a close above WEma/ MEma. Until then, sell on rises remain in force.
32 comments:
Good Morning Sir & All Friends.
Charan Sparsh Sir.
Good Morning Ilango Sir and Friends
SBI Head and Shoulders and LARSEN & TOUBRO Chart updates: CLICK HERE
Good Morning Everyone,
Camarilla Keylevels - Nifty Spot
H4@5665 ↑
H3@5653 ↓
L3@5630 ↑
L4@5618 ↓
By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.
Good Morning Master & Friends
Good morning master :
Axis bank Chart :
http://1.bp.blogspot.com/-R5B8nzTg8s8/UVJjX5L5NhI/AAAAAAAAA8Y/ukVwLhD81W4/s1600/Axis+bank+Elliot+wave.png
http://2.bp.blogspot.com/-YPU5tTJognw/UVJmbfDmH3I/AAAAAAAAA8g/gZk4lcOK8YI/s1600/Axis+Bank(Hourly)20130327105435.png
Namaskaaram GuruJi and Brother & Sisters,
Good Morning.
Have a Good Day.
Hint of the day:
Camarilla Breakout Day. H4/L4.
Good morning everyone
Goodmorning master and all JN friends.
Good Morning Gurudev and Friends
Namaste Dear Sir and all friends
Have a nice trading day
Good Morning Master & Friends
Master ilango and friends,
good morning to all
Regards
good morning master and friends...
todays HA open-high is same 5656...
thanks.
Tuesday was the NR7 day so 5612-5655 is the key numbers.
Good Morning Ilango Sir and friend. OI data on 26/03/2013 indicates more shorts been added by FIIs. Also huge 32% calls been written up at 5600 by FIIs making it tough to break. Hence the range becomes 5600-5700. But if this range breaks then it will be a trend afterwards.
Profile values ( from sanjai sir blog )
VAH : 5650, POC : 5641 VAL 5632
1. NF open high same at 5635.25
2. Nf now sustaing below VAl but managing to hold yesterday low, and NS did not go below yesterday low
I not well prepared today, still eating my break fast :)
Sir ILango ji and everyone good morning
Good Morning Sir and dear friends.
Have a great trading expiry.
Master,
Is there a set-up or general guidelines to identify a "bear trap"? While I have this nagging feeling of likely short covering in next week, I am trying to be as objective as possible.
Fellow members - please share your inputs?
@Indie Tech
no prediction. stay with trend. short covering will be nice shoring opportunity as higher t/f is bearish. today EOD prices will give more clear view and confirmation.
thanks.
Nifty at a very crucial level 200DMA at 5620
NR7 broken,,,,and ORB also....
@Suja sis
your SL is in danger.....
@anmpatel
There is no intention to predict. I am trying to find a set-up - no harm in that, is there?
Identifying a good pattern keeps one alert (e.g. head and shoulder, double bottom). Often I have found that good patterns or "pattern-failures" both are good trades. Cheers!
Orb has given a sell.
@Indie Tech
sorry for my input....
RIL takes a very big cut dragging Nifty along
5606 is 55ema in ns weekly charts
will it lend support??
New Post Done.
Good Morning Sir & friends.
Camrilla brokeout on downside.
Good Morning to all , am new to these post , leme take time to understand these
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