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.
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.
14 comments:
Namaste Ilango Sir and blog friends
LV
Good Morning Dear Sir, Bros. &Sis's,
Have A Happy Day.
Good Mng Sir and blogmates
GM All.
goodmorning illango sir & blog mets
Master,
Conservative position is Buy or Sell. JNSAR is Up while Day trend turned down and Weekly trend Up
Master,
Support made at the Trend line and JNSAR is Up. Convervative position is Buy.. Am i right.
Dear Blogmates,
Can anyone clarify the 'Convervative postion' @ 8094 spot is Buy or Sell.
for bearish thougts a close below 8080 is needed
or else 8300 is not far
@Master,
'b' done @8128 ???
and the current fav no sf or nifty is 8080 s which will be visited several times
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
BNF not sustaining 16308-10 is likely 2 retrace intraday retrace fibos upto 16248
But In hourly MACD +div
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