Prices heading towards lower channel after breaking the mid-channel.
FII's continues their purchases with subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180.
b) the minor (4)th wave's "c" unfolding from 8180 to channel bottom's break.
Since the inside day with "2-day low -8126" broken, the ST got tilted to bears and prices have been making series of lower lows and unable to retrace above 80% of last fall, the last fall from 8128 being retraced exactly at 8114 & nothing more..
The"Trend has lost its momentum in day t/f" with prices closing below DHEma 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 only above 8115 for the day & more above 8134.
FII's continues their purchases with subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180.
b) the minor (4)th wave's "c" unfolding from 8180 to channel bottom's break.
Since the inside day with "2-day low -8126" broken, the ST got tilted to bears and prices have been making series of lower lows and unable to retrace above 80% of last fall, the last fall from 8128 being retraced exactly at 8114 & nothing more..
The"Trend has lost its momentum in day t/f" with prices closing below DHEma 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 only above 8115 for the day & more above 8134.
12 comments:
Good Mng Sir and Friends
Great Sir... as your view is suggesting... Markets are expected to open 50 POINTS down... as the SGX NIFTY is suggesting to open with 50 POINTS GAP DOWN.
Namaste Ilango Sir and blog friends
LV
good morning master...
Good Morning Sir & JN Family
Namasthe Master & Blogmates.
Wish all Long life, Good Health, Peace & Wealth.
Good Morning Ilango Sir and Friends
NEXT LEVEL for NIFTY FUTURE is 8015 FUT...
Good Morning Dear Sir, Bros. & Sis's,
Have A Happy Day.
If a=c then c target comes as 7991.. If & 5th can start.. If it breaks 7991 then we can assume 3rd of larger correction going on.. Pl correct..
New Post Done.
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