Monday, August 25, 2014

Nifty Pre-Market View.

Nifty has been pausing around the 7900 for three days - that is resistances established in the short term.
This has resulted in "Catch-up-with-averages" with the ST averages coming quite close to the prices.
Prices managed to stay above "21/ 34hr smas" so far though 21 has been breached once.
And Now, there are -ve divergences in Hour technicals.
If prices are able to sustain 7884-87 or 7870-74, upward momentum continues depending on EOD prices.
"Broadening Top" resistances is @ 7943 at open.
Once you start to see 3,4, (3), (4)'s, it is trading time..(Resistances established at 7920-29 and supports at 7846-56..)

16 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Nilesh Patil said...

Good Morning Master & Friends

D.S.SASAN said...

Good Morninig Dear Sir, Bros.&Sis's,

Have A Happy Day.

jvr said...

Good Morning Master and Freinds

vksoni said...

good morning ilango sir and blogmates....

gs said...

gm sir and blog mates
index opened near mentioned resistance zone
SIR IF YOU HAVE TIME PLZ GUIDE REGARDING RELIANCE INDUSTRIES

LOOKS LIKE RELIANCE INDUSTRIES BREAKOUT FROM CONSOLIDATION

DNSHUKLA said...

Good Mng Sir and Friends.

Ganesh IC said...

Good Morning Sir & JN Family

FNO HOUSE said...

dear ilango sir now nifty & BN resistance above so next resistance ..?

chetas said...

Is 5 wave from 7655 complete, please guide. thankyou

Ilango said...

7933 7926 ... is 50%-61.8% retrace of the last rise from …… 7907 to 7958

80% is - 7917

If strength to return again, it should be around 7933 7926

Weakness gets confirmed Below 7926 OR 7917

Ilango said...

@ chetas ,

Nifty opened above the resistances.

The last rise is from 7907. Hence, monitor the retrace to know weakness setting or strength resuming at 7926-33 zone.

FNO HOUSE said...

sir BN resistance are ...?

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