Monday, May 5, 2014

Nifty, while continuing to be on sell on rises, taking time correction too..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Corrective phase continues..sell on rise continues.
There have been "rises/bounces" along the way but they have been sold into.
Price weakness would continue below 6690 towards 6644 or lower 6578 this week..
If stays above 6690, it could attempt 21 hr sma-6718 or more.
Only a close above DLEma would bring in a "pause" and a subsequent attempt to move higher..