Tuesday, September 9, 2014

Nifty Pre-Market View.

Prices have reversed from the channel bottom/ 34 Hr sma & reached the mid-line.
FII's continuing their big purchases with VIX quite subdued.
Prices suggest of
a) the minor (v)th unfolding from 8050 with sub-dividing waves.
b) the minor (3)rd wave from 7862 is sub-dividing.
And hence, one need to follow the prices with a trailing number(for the rise from 8050 & 8133).
With the "Trend regaining momentum in day t/f", prices would make new highs holding initially the retrace for the last rise from 8133.
Bearish scenarios open up only below "8075".

9 comments:

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

jvr said...

Good Morning MAster and friends

DNSHUKLA said...

Good Mng Sir and Friends.

D.S.SASAN said...

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

Have A Happy Day.

Vaishnav Shukla said...

Dear Sir
If 5=1.618X1 then around 8187 is the number from where correction can be there???

Ganesh IC said...

Good Morning Sir & JN family

Ilango said...

Intraday weakness below 8155 & 8145.

Magesh Waran said...

goodmorning illango sir and blog mets

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