Friday, May 9, 2014

Nifty Pre-Market View.

Below 6641, fall continues to 6578-92 . Above 6641 or at 6578-92 , bounce/ reversal.
EW suggests two possible scenarios as listed above.
6743-6639, a 5 done or 3rd done/4th in progress or 5th sub-divides.
Hence, 6641, the 3-hr low is critically poised.
If breaks 6641, it is likely to find support around 6592 or 6578(50dsma, 12WEma,WLEma less 40).
The corrective could continue if it gets resisted below 6690, approx.
My interactions would be limited today.

13 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

San said...

Good Morning Ilango Sir and Friends

NIFTY Chart analysis: CLICK Here

Nilesh Patil said...

Good Morning Master & Friends

Prabhanshu Raman said...

GM Sir and friends.
Bear flag in nifty 5 mins spot, bd below 6639

POWERTRADE said...

good morning sir and warriors

DNSHUKLA said...

Good Mng Sir and Friends.

Prakash said...

gudmoring master and all frnds

marina s rao said...

GM Master & Blogmates.

Wish all profitable trading day.

bb said...

Prabhanshu - what is your call in TISCO ?

deepak pinto said...

If yesterdays candle is a bullish harami then
Above 6653 daybefore close is bullish
Is a view.
So 6652 53 is a divider below and
6699 on the top
A range of 50 points

Raghavendra said...

Rounding bottom visible in Nifty 2 min charts from yesterday's high to low and today's highs. Breakout possibility above 6690.

Badri said...

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Ilango said...

New Post Done.

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