Monday, October 27, 2014

Nifty has extended the rally to three days with OB Day & Hour technicals..

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(& 2 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 8060 or 8090 and break 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 too has reached OB zone and ripe for a correction.

10 comments:

D.S.SASAN said...

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

Have A Happy Day.
Sir, without going through this page, day plan cannot be prepared.

gs said...

good morning master and blogmates

gs said...
This comment has been removed by the author.
gs said...

"FII's have continuously sold in this month, barring one day(& 2 days of small buying) and if that trend continues, prices would close below last month's low."

bulls wont have much room now

Magesh Waran said...

good morning illango sir and blog mets

Ganesh IC said...

Good Morning Sir & JN Family

Ilango said...

@ gs,

A small error - plase read them as:

FII's have continuously sold in this month, barring one day(& 2 days of small buying) and if that trend continues, prices would close below last month's close.

Rasendra Zala said...

Good Morning to Ilango Sir and Friends.

Hitendra said...

Has BN now entered the bullish channel?

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