Wednesday, June 5, 2013
Nifty Pre-Market View.
Trade: 5880--- 5910-15---5955----5980-95--- 6010+; Trade the ranges (of 04th June-High made 5981; low 5910)
Nifty Pre-Market View.(04th June)
We are, presently, following the market using "Pivot table" since yesterday. Reading through the write up would provide a trader with an "intraday trading strategy".
"The struggle" is in the process of being shifted to "Sub-5900" in the coming two or three days, if prices are kept below 5995.
"Sub-5900" has many key averages as medium term supports starting with 100dsma/10wksma to 50dsma/MEma.
Pidikkada pondaatti ninnallum kutram..ukkarndaalum kutram
Try to be objective...we're surrounded by biased souls in every sphere of life.
If you remain objective, all your answers will reveal itself to you.
Summa iru...
(A critical day or two- whether a ST bottom will be attempted @ critical averages; Failure will drag it to the next key point-200dsma; Conquering "5971" is the minimum needed for bulls.)
Nifty Pre-Market View.(04th June)
We are, presently, following the market using "Pivot table" since yesterday. Reading through the write up would provide a trader with an "intraday trading strategy".
"The struggle" is in the process of being shifted to "Sub-5900" in the coming two or three days, if prices are kept below 5995.
"Sub-5900" has many key averages as medium term supports starting with 100dsma/10wksma to 50dsma/MEma.
Pidikkada pondaatti ninnallum kutram..ukkarndaalum kutram
Try to be objective...we're surrounded by biased souls in every sphere of life.
If you remain objective, all your answers will reveal itself to you.
Summa iru...
(A critical day or two- whether a ST bottom will be attempted @ critical averages; Failure will drag it to the next key point-200dsma; Conquering "5971" is the minimum needed for bulls.)
Tuesday, June 4, 2013
Nifty gets sold above the critical "5971" resistance...
For Intraday trading, use "Supports & Resistances" and "Pivot table".
It may take a while to understand how these act as a critical number between demand and supply and
today, the supply overwhelmed demand.
In the opening session, a move above the pivot produced 25 points but was struggling at resistance zone.
Objective trader would have sensed the "unsustainability of pivot" despite oversold hour TA and
In the afternoon session, the break below Pivot produced 46 points, almost reaching S1.
Whenever the distance between Supports & pivot as well as the distance between Resistance & pivot is high, the trend would prevail.
It may take a while to understand how these act as a critical number between demand and supply and
today, the supply overwhelmed demand.
In the opening session, a move above the pivot produced 25 points but was struggling at resistance zone.
Objective trader would have sensed the "unsustainability of pivot" despite oversold hour TA and
In the afternoon session, the break below Pivot produced 46 points, almost reaching S1.
Whenever the distance between Supports & pivot as well as the distance between Resistance & pivot is high, the trend would prevail.
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