Tuesday, December 10, 2013

Nifty Intraday Update-III


11 comments:

Prithvi Raulji said...

@Master,

You had stated 10.12.13 in TT, so i asked you tomorrow Sar

Aly said...

Dear Ilango Sir,

your comments on bearish below / bullish above will be apreciated

sometimesbullsometimesbear said...

@Satheesh...Just FYI...Avoid getting into U?? AMC products by all means....A highly reliable and highly placed source there says ... "Things are not as they seem"...:):):)

PS: Name of the AMC deliberately not mentioned.....I hope Satheesh u got it.:):):)

ITradeForProfit Daily said...

Bullish only above 6351 (80% of today's fall from 6362 to 6308).

Am I right Sir?

satheesh said...

@ sbsb -

Thanks for your info :):)

Ilango said...

@ Aly ,

For intraday trader, the day pivot had risen over the last few days and was placed at 6375 this morning.

Nifty opened below it and never recovered & reached S2-6304 approx.

As per EW, weakness got confirmed below 6345 aggressively.
As per EW, weakness will get confirmed below 6301 conservatively.

Technically, break below today's low will be weak.

For strength, it is above 61.8% or 80% above last fall from 6375 to 6308 which is @ 6349-62 aggressively.

Aly said...

thank you very much Ilango sir,

sarvesh sharma said...

broken out of the trendline and channle since it started correction

Ilango said...

6325 6321 ... is 50%-61.8% retrace of the last rise from …… 6308 to 6341

80% is - 6315

If strength to return again, it should be around 6325 6321

Weakness gets confirmed Below 6321 OR 6315

Kiran said...

DHEma defended on closing basis...

Ilango said...

3.00PM TT & Chart updated.

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