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| We discussed "Macd turning down in extreme point"; here, it is. |
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| We discussed the "RSI moving below 80 mark from overbought zone"; here, it is. |
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| Lead indicator led by turning down three days ago & triggered two days ago and "closed at the lower end of the 7497 to 7700 range which is relevant for the day's SSTO"; in the process, it has changed the range to "7700-7525" and break of 7525 would expand the range towards the 14 day period range. |
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| Prices continued to close below HHEma since open due to overall overbought conditions with some -ve divergences; and then, it closed below HLEma at 12.00Noon, also our day's aggressive short below @ 7638. From DHEma + 30 points of 7651-7681 zone, prices fell to DLEma - 30 points of 7536-7506 zone. |
6 comments:
Thx your comments looks very lively and to the points
Thx
Master,
Plz correct 1st line in Fibo retracement table as : From : 7680 To : 7525 instead of 7670 to 7525.
@ marina s rao,
It is 7670 to 7525 (or 7531) and it is the 3rd wave from 7680.
Master,
U r right. I'm wrong.
Sorry for my mistake.
@ marina s rao,
These are minute sub-waves; only market could validate which one is right.
Namaste Ilango Sir & Blogmates,
Neutral to Bearish: Nifty had the highest one day loss in the last 3 months, and looks vulnerable for more, but support still very good around 7500 level, Sell on Rise based on OI Table...: Option Analysis for 13-06-2014
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Thanks & Regards,
Sanjay Kr Jaiswal
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