NR7 day as of now for NIFTY, BankNifty & CNX IT.
@ illangoji, nifty was down by 10 points & 6300 call was higher by 5 Rs. it will lead to more upside ???
@ Chetna Jethi ,Your application & reading of EW....
sir, learnt from you only..nobody else
Breaking of 6192 lead up to 6146
s1 should hold
sir, seems like a zig zag completed or soon to be completed around 6185-75 zone...?? do you agree??looking at 5 minute chart??
closing below week and month HEMAs and within DHEMA+20. sell on rise now??
@ Chetna Jethi,Only the retrace for 6215 to 6191 fall would answer that.
Only a close below 6185 would confirm a "Sell on rise" of Day T/F.Market is not giving away much.... except the hour weakness which has produced a 35 points drop...
for your consideration...Weekly R1 and S1 have been respected by market since 2-3 weeks.Last Low 5972 was weekly S1.and current high 6228 has been weekly R1.so a good close above this R1 is required for the next upmove.Regards.
fiver and another retrace of 61.8%..will another 5ver follow?
avg closing running approx 6199.7, will it resist AT 61.8 OF 6215-6191 ? lets see