@Master: What the levels for intraday weakness for today?
@ Prabhat,Since the rise from 6086 to 6170 is a 3-wave structure, it could be a "Flat" which would mean a trading range of the same.Besides these, 6130-40 provided crucial support on 2 recent occasions. Now the attempt to stay above "it" is on. There will be sellers between 6163-89, last two day's highs.hence, break below 6130-40 could be taken as weakness. Trading during "pause" requires very careful trading....as in a "b" wave. If not, simply flow with the trend till it bends.
Thanks Master. Got it.
thank u sir
As of now, nifty find it very tough to cross 6160 itself from which was the level from which it fell @~11:20 am. I guess move above it only a bounce may come up Master's level of next resistances.
NR7 Day as of now...
Dear Ilango Sir & Blogmates,OI Table Update at 1:00PM, Pivot-6133, S1-6093, R1-6179, VWAP-6160Huge addition at 6200CE and 6100PE levels, the index could stay in this range till Expiry…Thanks & Regards
Nifty futures moving into discount now
GM Master & blogmates.Have a profitable day.
And google charts back to its non-auto-refresh status...!! :(
again auto refereshing after a brief halt !!!!!
--> back looks like 62CE adds , are a direct displacement from 64,63CE unwinding ?
New Post Done.