Thursday, September 11, 2014

Nifty Pre-Market View.

Prices supported at the redrawn lower mid channel.
FII's have paused their big purchases with subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180.
b) the minor (4)th wave has completed or "a" completed from 8180.
The inside day created "Two day low at 8126" was broken tilting the ST to bears..
The"Trend has reversed in day t/f" with prices closing below DHEma & DEma after showing signs of exhaustion with -ve divergences.
Mild bearish scenario has opened up below "8125" & more would be below 8050-61 & 8007-22, the two cluster supports.
Mild Bullishness returns above 8111 for the day & more above 8143.

16 comments:

DNSHUKLA said...

Good Mng Sir and Friends.

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

D.S.SASAN said...

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

Have A Happy Day.

sekhar said...

Good Mng Sir and blogmates

Magesh Waran said...

goodmorning illango sir & blog mets

Gopi said...

Master,

Conservative position is Buy or Sell. JNSAR is Up while Day trend turned down and Weekly trend Up

Gopi said...

Master,

Support made at the Trend line and JNSAR is Up. Convervative position is Buy.. Am i right.

Gopi said...

Dear Blogmates,

Can anyone clarify the 'Convervative postion' @ 8094 spot is Buy or Sell.

deepak pinto said...

for bearish thougts a close below 8080 is needed
or else 8300 is not far

Prithvi Raulji said...

@Master,

'b' done @8128 ???

deepak pinto said...

and the current fav no sf or nifty is 8080 s which will be visited several times

Unknown said...

GM Sir n blogmates. BNF rise stays intact from 15904 - 16334 so far with a target of 16387. 80% of the retrace if aby wud b around 16248. 50% retrace wud stand at 16129which wud b crucial for any upmove

Unknown said...

BNF not sustaining 16308-10 is likely 2 retrace intraday retrace fibos upto 16248

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