Tuesday, December 21, 2010
Nifty PreMarket View.
Market ended at Oversold in the intracharts yesterday which will result in an upmove in the initial session. If able to hold 5925-5935 at the open and move higher past 5985, it is likely to move into the major resistance @ 5995-6015. 50DSma is placed @ 6027 for the day. Reaching such a zone with overbought Hour & Day may attract selling. The quantum and the speed of that fall will determine a reversal or a consolidation for further upmove.
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....
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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 '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... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
14 comments:
Good Morning Ilango Sir and Friends
NIFTY DAILY ANALYSIS: CLICK HERE
Ilango sir & all blogmates
Good morning.
Hi Ilango sir,
Could you please help me to understand aggresive trade intra day points. Does this refer nifty spot or nifty future .
Thanks in advance sir.
Your,
Devendra Sharma
good morning,sir & seniors..
Hi Ilango...
Have you seen the indicator stay above 120 in a bull market?(The premarket chart u posted today).
Good morning Sir & Friends.
good morning friends
strength is visible.don't hold shorts
"SS"
@ SAI,
The indicator setting is for 0 to 100 and it never goes beyond 100... :)
Yes..in Bull markets it stays in 80-100 mark for a long time and often moves back into 80-100 whenever small breaks happen.
Everything is a "probability game" and your ability to look at it more objectively by giving more weightage to "Price behaviour" will reflect in your success rate.
what a faux paus by me :) lol. Thanks Ilango.
nifty..if reverses from 6010 levels then it would be a head shoulders pattern forming.
Gm Illango Sir & all.
As per Volume Profile Nifty has a strong support at 5960 Level.
Nifty Future is also above VAH.
One can go long near to VAH with Sl of 5955 Nf Spot.
@musti rather goin long @ VAH try to short if it breaks
NEW POST DONE.
@ Ilango Sir,
SIr, How is Hindalco Looking, as i have short position
in Hindalco @ 220 levels, Should i cover my Shorts or
Wait till Expiry
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