Thursday, October 16, 2014

Prices opened into resistances at open, broke "7850" to reach 100dsma...Know the direction...know the retracement..


5 comments:

Manish said...

You deserve Salute Master !!!

Prakash Tamilnadu said...

Master can we expect a bounce from 100 dsma?

kumar k said...

Ilango sir,
is this correct?
Month 12345 ABC

week ((i))((ii))((iii))((iv))((v)) ((a))((b))((c))

Day (i)(ii)(iii)(iv)(v) (a)(b)(c)

hour i ii iii iv v ab

mynac said...

Dear Prakash,
1)From trading point of view the possibility of 20-25 points bounce in first trading half tomorrow cannot be rule out,nevertheless new low up to 7700 would be need of the hour for sustainable up-move from here,if any.
2) NF is already trading far below 100 DSMA i.e.7824.75
3) @ 2.50 PM today, when it went below that 7825,we witnessed free fall thereafter...rest is the history...just have a look @ the huge difference bet.day close & last hr.jnsar...which is very rare...So one may think over & wait for the HrJnsar to come in line with Hr.close.GN

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