Monday, July 27, 2009

Nifty corrects intra & ends flat with weak hour TA..

Another sideways movement..Nothing much to add

At 12.00Noon, Hourly weakness set in. However, Nifty found supports between "Week High & Day High emas".

Daily trend remains "UP", though upmove so far is quite sluggish.
Hourly -ve div is noticed. To be confirmed by a fall below 4558.

The negative div. that persisted till morning led to a fall upto 4528 and Nifty retraced 75% of the fall. Based on the world cues, it should correct further.

at

No comments:

Post a Comment

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....

  • Nifty Pre-Market View
    5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
  • I love you more than I can say..
    I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark...
  • Retracement strategy, a must for traders.
     Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...