Friday, April 11, 2014

Nifty loses its daily momentum while retaining its week's...

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

In a trending market, you trail your positions.
Aggressively, you can keep 38% of last rise-6776 or a bit lower-6762(50%).
Below these last supports at 21 hr/34hr smas.
EW: We suggested an irregular B developing after the top "6777" till 6815-25 is held.
We also suggested an impulsive 5th wave, corelating BN's structure for which prices must stay above 6749 or 6734.
Being the last day of the week, "6685", WHEma would be a critical number to defend by bulls.
And bears, on the higher side would like to conquer DHEma/DEma..
TA: All in uptrend with week in OB zone for few weeks, day in OB zone but they all trade above key averages. Only when the EOD close changes technicals, weakness gets confirmed.