HI All, whole day I was busy so could not update. +ww at 7700 again whipped today. But -ww day also triggered today at 7722 with 1-4 line tgt is below 7600.
Namaste Ilango Sir & Blogmates, Bearish to Neutral: The Index closed below the psychological level of 7700 but the PE writers did not panic and still has very good support at 7600 level though resistance now coming up at 7800..: Option Analysis for 06-08-2014Dedicated Option Open Interest BlogDuplicated at Wordpress SiteThanks & Regards,Sanjay Kr Jaiswal
hello sir & friendsnow 7721 may become a tough hurdle to cross.
@Jai bhole,Can you or Ilango sir please clarify how 7721 is seen as a major resistance?
@Prabhanshu,Please can you confirm if there is a -ww wave five in the making.[IMG]http://i62.tinypic.com/2q38acy.png[/IMG]Thanks
sorry, it should be http://i62.tinypic.com/2q38acy.png
Nbz: yes, if prices gies above 1-3-5 line and then comes back and close below it, only then -ww will trigger
Nifty -ww which i mentioned above is given in below link. Chk green lines. http://prntscr.com/4a8i1y