Friday, May 24, 2013
Nifty Pre-Market View.
"5930-65" is a cluster area from where a mild bounce could unfold owing to oversold Hour TA.
"6025-36" is 38% retrace of last big fall, developing Month Pivot & developing DLEma.
"6046-48"-MHEma, 50% retrace, DLEma, R1.
A weekly close below 6001 or 6013 would be considered as "weekly trend reversal".
"Above 5970", intraday strength towards the resistances 1 & 2 mentioned above.
"6025-36" is 38% retrace of last big fall, developing Month Pivot & developing DLEma.
"6046-48"-MHEma, 50% retrace, DLEma, R1.
A weekly close below 6001 or 6013 would be considered as "weekly trend reversal".
"Above 5970", intraday strength towards the resistances 1 & 2 mentioned above.
Thursday, May 23, 2013
Nifty Pre-Market View.
Read these simple write ups and get familiar with the concept:
JNSAR for good gains
Applied Technical Analysis
Please join us in our "Rhythmic trading" ...we follow the markets...we have no opinions on where market is headed but we are fairly certain of market's direction.
An objective mind is needed to assess the market to make a trade plan.
An unwavering mind is needed to follow that plan.
An alert mind is needed to make the alteration when demanded by the markets.
And all these are packed into one number-JNSAR. Follow it;
You may get few bruises along the way but you'll grow stronger by each month.
JNSAR for good gains
Applied Technical Analysis
Please join us in our "Rhythmic trading" ...we follow the markets...we have no opinions on where market is headed but we are fairly certain of market's direction.
An objective mind is needed to assess the market to make a trade plan.
An unwavering mind is needed to follow that plan.
An alert mind is needed to make the alteration when demanded by the markets.
And all these are packed into one number-JNSAR. Follow it;
You may get few bruises along the way but you'll grow stronger by each month.
Subscribe to:
Posts (Atom)
Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
