Wednesday, October 29, 2014

Having completed a brief hour corrections, the rally is poised to continue higher...

FII's have sold in the 2nd half of September and prices came off the highs from 8180 & closed near the lows.
FII's have continuously sold in this month, barring one day(& 3 days of small buying) and if that trend continues, prices would close below last month's close.
ST weakness would manifest, if prices are contained below 8090-8105 and broke 2 hour lows.
Presently, all t/f technicals are in uptrend.
Day has reached OB zone; only EOD would confirm a reversal with a minimum close below DHEma.
Hour has reversed after a brief correction & has resumed uptrend...Watch out for any -ve divergences developing after few hours of trading..

10 comments:

marina s rao said...

GM Master & Blogmates.

Magesh Waran said...

good morning illango sir & blog mets

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

San said...

Good Morning Ilango Sir and Friends

BANK Nifty Chart analysis: CLICK Here

Ganesh IC said...

Good Morning Sir & JN family

Hitendra said...

Thanks San for the clear analysis. Which software and indicators you use for it?

San said...

@Hitendra
Its chartnexus

gs said...

good morning master and friends

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