Friday, September 12, 2014

Nifty Pre-Market View.

Prices heading towards lower channel after breaking the mid-channel.
FII's continues 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 "c" unfolding from 8180 to channel bottom.
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 8115 for the day & more above 8134.

9 comments:

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/Week.

SUBASH M said...

good morning master...

vksoni said...

good morning ilango sir and blogmates....

DNSHUKLA said...

Good Mng Sir and Friends.

johnrego said...

good morning master...

Magesh Waran said...

goodmorning illango sir & blog mets

PAT said...

Good morning Sir and blog mates
.

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