Friday, February 14, 2014

Nifty, holding above 200dsma-5977, moved up sharply to close above all LEmas to put a pause...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Happy Valentine's day...

EOW is here and the first number that would be keenly fought for would be "6043"-WLEma/ DEma/50% of last fall from 6094-5991.
6043-55-is 50%-61.8% of last fall; and 6073 is 80% & filtered JNSAR.
Two EW options are listed..
Bears to complete "iv" @ 6043-55 and move towards 5971-200dsma.
Bulls would hold the recent lows with a pull back from the opening highs and then move higher.
Either way, after the gap up, there would be a pull back and it is "this pull back" that will have some clues to market's strength/ weakness.
Happy Valentine's day...
When you're in love, only beautiful things happen to you & all around you.