Tuesday, April 29, 2014

Nifty's last signal of "Sell on rises" with a close below DHEma is progressing down steadily towards a 200+ point fall..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Prices are pausing closer to 20 DSMA which acts as a middle point during corrective phase in an uptrend, the lower point being the 50dsma and upper point being 61.8% to 80.0% of last fall.
Sustaining 6743-50 zone or 6757, the oversold hour would continue the pause/ bounce towards 6788-96 or upto 6808.
Strength above 6808 and deeper falls below 6757 or 6743.