SirHigh vol long upper shadow candleAll at coffee are discussing what to buy.Gap down tomorrow would be possible island.Some lower levels expected.
dear sir, 5ema should be 6925
a high volume candle with a gap, the last 3 day wild run is more like the last run of a wave, wave v of the on going impulse,
Namaste Ilango Sir & Blogmates, Bullish with Caution: The index has gained 450 points in the last 3 days and looks good for more with the PE writers back in action, though higher side selling can be seen as good resistance developing around 7200 level...: Option Analysis for 13-05-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
Camrilla Day levels seem to be wrong.
All data corrected.=======================================Correction, maximum, during the rise from 5933 was 3.36%.Accordingly, if prices drop more than 3.36% from the highs, that should be the first sign of weakness.From 7172 high, such a 3.36% fall would be "6931", also WHEma.We'll update on this.There are other methods to it too like JNSAR which is presently at 6768 and would reach around 6931 approx for Friday.Let the market show the way.