Tuesday, December 24, 2013

Nifty Pre-Market View.

The crucial resistances are in the region of "6326-58". How Nifty will manage that zone would be keenly watched for..
Critical support has now risen now to "6239-48". Continue to close above DHEma would keep the upward momentum intact.
Two scenarios at work as labelled in the Hour chart for ST. 80% need not negate the bearishness, only 6415.
EW: Holding the critical support @ 6239-48, prices would move "higher" into the crucial resistances @ 6326-58 to complete the 5th of the wave that started from "6151" which would also complete the "abc". It is only when the prices make another high beyond "that high", resumption of bullishness would get confirmed.

14 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

venkateshspices said...

Good Morning sir & friends

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Manish said...

Goodmorning master and all friends,

Shall we expect a Dull day with FII volumes abysmally Low or a volatile day with Local traders making the most of FIIs Holiday mood.Reaction may come below 6260 for 6200 levels...

D.S.SASAN said...

Good Morning Sir and dear Bros. and Sists.

NEVER GIVE UP said...

Good Morning Sir & All Friends.

shiva said...

good morning, Sir and friends..

Prakash said...

Gudmorning master and all frnds

Shiv Kumar P P said...

Good Morning Master & Friends...

anand said...

Good Morning Sir,
Pre-market says to be cautious with longs as long as the resistance zone or 6415 is not crossed firmly?
Trade the range till then..?
Thanks Master for this on Waves..where 5 waves are not to be seen on their own but part of a large a-b-c as well.

Magesh Waran said...

good morning illango sir & blog mets

m.veerasamy Maruthai said...

Good Morning Sir and Blog Mates

veerasamy

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