Big upmove but FII's have net sold..??
Week has been in overbought zone and hour has just reached the overbought zone just when week's crucial last day has come - the number quite relevant is "WHEma" (presently 8063 & would change if more highs are made)
Prices broke out of the downtrending channel at 8002 when it moved past 21 hrsma.
FII's are alternating with selling & buying with a subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180 with "A" wave completed at 7925 & "B" unfolding.
b) the 4th wave completed from 8180 to 7925 , for the rise that started from 7422.
Bearish scenario opens below "8030"..
Two cluster resistances are standing in the way of Bulls - 8114-28 & 8142-57.
For intraday, weakness below 8083-95, 2-3 hr lows..
Week has been in overbought zone and hour has just reached the overbought zone just when week's crucial last day has come - the number quite relevant is "WHEma" (presently 8063 & would change if more highs are made)
Prices broke out of the downtrending channel at 8002 when it moved past 21 hrsma.
FII's are alternating with selling & buying with a subdued VIX.
Prices suggest of:
a) a major correction is underway from 8180 with "A" wave completed at 7925 & "B" unfolding.
b) the 4th wave completed from 8180 to 7925 , for the rise that started from 7422.
Bearish scenario opens below "8030"..
Two cluster resistances are standing in the way of Bulls - 8114-28 & 8142-57.
For intraday, weakness below 8083-95, 2-3 hr lows..
8 comments:
Good Mng Sir and Friends.
Good morning MAster and friends
Good Morning Dear Sir, Bros. & Sis.'s,
Have A Happy Day.
GOOD MORNING FAMILY
ORB Broken Down Side
Good Morning Sir & JN family
Good morning illango sir & blog mets
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