Wednesday, September 10, 2014

Nifty breaks the lows of "Inside Day" tipping the ST down..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Prices resisted at mid channel.
FII's continuing their big purchases with VIX quite subdued.
Prices suggest of
a) the minor (v)th completed at 8180 from either 7862 or 7540.
b) the minor (4)th wave from 8180 is unfolding.
The inside day created a "Two day low at 8126" & breaking the same would tilt the ST to bears..
Though the"Trend regained momentum in day t/f", prices failed to make new highs & thus showed signs of exhaustion.
Mild bearish scenarios open up initially below "8125" & more below 8050.