Wednesday, May 21, 2014

Nifty, in its corrective sideways range, tested week pivot & would turn weak below it..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

FII's continue to be buyers. (Sold a small amount on 20th)
Prices continue to close above all key averages.
Red "b" and green "iii" direction "up".
Holding above 7248-58, uptrend continues towards the two lows(7352-64) made after the recent top and then, if strength remains & key retracements held, towards the two highs made after the top(7414-15).