Wednesday, February 12, 2014

Nifty reaches the gap zone of "6098-6110", shows mild weakness.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Prices have consolidated in a narrow range for few days, attempting to move past 6080's while the support kept rising.
There is a gap resistances @ 6098-6110 and there is 6123, 80% of last fall from 6170 & R3 of the day.
Such numbers create a tussle and thereby some opportunities.
A move past 6123 would indicate a larger rally or a reversal attempt gaining strength and WEma would be the number to conquer for this week-6148.
Treat the last rise as having started from 6058 and follow the price behaviour.
With a gap up, keep "6066" as a critical number to trail...and rise it up with fibo number for the rise from 6058..
If you only believe it, you'll see it. You can't see it first and believe it. That is one of life's mysteries.
You're your own guide and guru 'cos you have to do the believing yourself. No one else can do that for you.
We can only wish you well. Blessings alone will not save anyone..but efforts. Make that effort now.