Tuesday, August 26, 2014

Nifty, after a sell on rise mode, rose from opening lows, got sold to reach DLEma, as in trading mode, & closed firm.

BN's chart shows a 4th wave done from 14709(Nifty's 7540) with a break of the Hour channel & reversing back into the channel. Hence, holding retrace point of the last rise from 7862 is critical for making a new high.
The Bar chart shows prices closing at day's high while yesterdays bar shows closing at day's low. This suggests of a keen tussle.

9 comments:

Jack Kanoi said...

Hope you're feeling better, Ilangoji! Praying for your early and full recovery.

Bullish Cartel said...

Sad to hear about your health ilango, god bless you

mynac said...

Dear Ilango,
Salutations to you Gurudev, who has many times,including today,shown us the example of dedicated selfless guidence...inspite of failing health.Thanks a lot....

Market:
Just 2 days to go for expiry with hardly 66 laks O.I. in NF Sept.series.
Nifty recovered in last trading hr.from Day Low to almost Day top above DEMA & Hr.JNSAR,has kept Bulls hope alive,nevertheless rising JNSAR should be watched carefully.Let us see tomorrow.

deepak pinto said...

7875 is the number for nifty to watch.
Bullish meeting line played out today.
Bearish only after eod close below this number

D.S.SASAN said...
This comment has been removed by the author.
D.S.SASAN said...

Sir, please also write about your health.

Bhushan said...

Gurudev, Take care and God Bless you!

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