Wednesday, April 2, 2014

Nifty consolidates its gains with another intraday correction..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

The event turned into a non-event.
Nifty held its ground taking support at 21 Hr sma.
The fall from 6732 was of a 3 wave structure, a corrective.
The fall from 6730 is an irregular flat.
Trend followers' trailing number is climbing higher, protecting more of their profits.
You can choose 34 hr sma or 5 dema/sma or the rising trendline with a small filter.
Stay bored; stay with the boring trend..till it bends for a correction to look out for re-entries to ride the BiG.