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..
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:
GM Master & Blogmates.
good morning illango sir & blog mets
Namaste Ilango Sir and blog friends
LV
good morning all...
Good Morning Ilango Sir and Friends
BANK Nifty Chart analysis: CLICK Here
Good Morning Sir & JN family
Thanks San for the clear analysis. Which software and indicators you use for it?
@Hitendra
Its chartnexus
good morning master and friends
New Post Done.
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