Tuesday, February 25, 2014

Nifty's ST indicators remain in OB zone with unimpressive gains...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Prices closed above the most crucial MT avg-6180, 50dsma.
The gap extends upto 6263 & the 80% @ 6271.
Sustaining 6180 is quite crucial and it is being done with a "iiird of 3rd";
Last rise started from "6131" and the immediate resistances @ around 6231 & 6263-71.
"Sitting through" is the best strategy during "iii"/ III/(3)/3rd waves...well supported by continuous inflows from FII's(though in small amounts) and very low VIX.