Tuesday, October 28, 2014

Overbought hour has commenced the corrections with a break below 2 - Hour low but held it above 2 - Day low..

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 (could even be the lows).
ST weakness would manifest, if prices are contained below 8060(8064 high) or 8090 and broke 2 hour lows @ 8015.
Presently, most t/f technicals are in uptrend except "Hour".
Day has reached OB zone; only EOD would confirm a reversal with a minimum close below DHEma.
Hour has reversed from OB zone and correcting...

11 comments:

DNSHUKLA said...

Good Mng Sir and Friends

jvr said...

Good morning MAster

amber said...

Guru ji charan vandan

venkatapathy l said...

Namaste Ilango Sir and blog friends

LV

Parminder said...

Master ilango and friends
Good morning to all
Regards

D.S.SASAN said...

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

Have A Happy Day.

Ganesh IC said...

Good Morning Sir & JN Family

Hitendra said...

What is expected BN target, another 100 points up today morning?

lazydude said...

Technicals dont apply to BN.18000 in few weeks.

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