Wednesday, November 13, 2013

Nifty reaches previous two resistance points of 5950-82 & the 50 dsma..

Those who made "IT" their friend, made "IT"...

16 comments:

Waquar said...

"IT" being the trend i suppose :P

ITradeForProfit Daily said...

@Waquar,

Yes it means 'Intermediate Trend'

Prabhanshu Raman said...

Tomorrow gap up or direction will reverse to upward direction? ? Reasons:
1. Hour os
2. Reached 50dsma/imp support levels
3. Already retraced more than 50% of 5701 - 6343
4. Raghuram comments eases pressure on Re and Re recovered during last hours of trading after Raghuram's comment.
5. Most importantly, more and more people are being bearish and new lows are being talked about, so market has to give surprise.

Raghavendra said...

Dear Ilango sir,

In daily TA file - you mentioned a note in tab Wk.5D" If stays above 6050, likely to rally to 6600 or more../ If stays below 6050, likely to impulse down. to 5800 or lower."

Request you to share significance of 6050 ?

Raghavendra

suresh said...

6050 is the weekly cluster formation=support

durga said...

Good evening master n blog mates
Those who missed day jnsar short now may have another oppurtinity tomaro. So make use of IT.
I think master used it --for following the trend-- Trend is yur friend till it ends bye

nifty4money said...

UP 3 UP 2 UP 1 Pivot DN 1 DN 2 DN 3
6143 6080 6043 6000 5971 5949 5886

VRJ rammanohar said...

Possibility of testing 5750 one more time still exist if this levels holds can look for break out of 6350 to test new highs Spot Nifty broken all support levels bounce up to 6080 n 6120 to be sold in to SL at 50% at 6160. Below Day's low targets are 5951 5917 5871
AS PER FIBO DOWN TREND EXTENSIONS 138.20% IS AT 5830 AND 161.80% AT 5742
CALCULATION BASED ON HIGH 6346 AND LOW 5972

Sudhakar said...

Those who made "TT" [Tech. Table] their friend, made "IT"...[Income Tax]

vksoni said...

Tomorrow weekly closing
Resistance are 6024 week jnsar and 6035 Dev week pivot
Support is 5967 50 dma also dev wlema -50

vksoni said...

supports are 5957-67 dev wlema -40-50

gkm223 said...

first 'IT' means Identifying Trends, next guess all?????

gkm223 said...

first 'IT' means Identifying Trends . next IT means guess????????

Social Media Earthworm said...

It seems tomorrow , we will go till WLoEMA and then reverse gear breaking the 50DMA support to 5906 for completing a 5 wave downward or even 5826 if wave 5 gets extended .... ..anyway price is God and any prediction will open the gateway to hell .. As master has already said .. if spot crosses 6050 , we are going up and away ..

Post a Comment