However, Bears would prefer the former one so that they can drag Nifty below 5980 to wards 5965 & then 5950 or lower.. Tech.table favours bullish bias and hence "corrections if any" will be of limited in nature..
Wednesday, December 22, 2010
Nifty PreMarket View.
There are two ways bulls could act: Consolidate @ 5980-6025+ and make a move up later part of the day. OR Move up above 6025 and consolidate and continue up.
However, Bears would prefer the former one so that they can drag Nifty below 5980 to wards 5965 & then 5950 or lower.. Tech.table favours bullish bias and hence "corrections if any" will be of limited in nature..
However, Bears would prefer the former one so that they can drag Nifty below 5980 to wards 5965 & then 5950 or lower.. Tech.table favours bullish bias and hence "corrections if any" will be of limited in nature..
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...
33 comments:
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
Good Morning Sir, San and Friends.
Good Morning Sir & Friends
Good Morning Prabakar
Sir ;Plesae check mail
GOOD MORNING EVERYBODY...
weakness
book out longs
"SS"
good morning,sir & seniors..
I THINK SUSTAIN ABOVE 6021 CAN SHOW THE LEVEL OF 6070..
ss can u elaborate ur definition of strength and
weakness. i dont see any weakness
Gm Ilalngo Sir & all.
My Volume profile notes.
Yesterady Nifty has highest volume at the level of 6001.
So today it should get strong suport at that level.
Also VAH In futures 6016 gives strong suport if the momentum
is strong.
Can create Long near to VAH or 6001 NS. with small sl.
Target 20-30 points
As i write here Nf start Flying.
Book out my 1 lot with 25 point profit.
TSL second with 6030 Nf
Illango sir I share my trade here is it Ok?
I hope nothing offensive in it.
Good Morning Sir and Friends. My net is too slow and hence I bother you less.
Have a nice day.
Hi PS,PT,Bhavan.
Good Morning ALL
RG Sir,
Thanks for the "longing" affection. The other day I was not online and could not thank.
hello rg sir. hope ur health is better now.
Sir, isn't there a rising triangle in the daily chart with resistance around 6030.
Does it have bearish implications?
If any body want to enter than second entry point is near to
6025-6027 Nf
Good morning Ilango sir and all,
Sir, Tatasteel at double top!!-which direction will it move Nifty?
Welcome CK. (treat it as fluke no 2-nothing TA about it)
Hi PS. Just fantastic. Back to Normal. Thanks a lot. All of us must do simple Suryanamaskar,little stretching exercise and walking. Health is great Wealth. We don't realise when we have it.
Sorry for the early morning OoT.
Good morning all, are we over optimistic?
Good Morning Sir and Warriors
Morning ORB gives break out above 6027 NF
Sir,
I have maailed the chart to You.
Good morning sir and everybody :)
Hi Bhavan - Got down from long bus boarded "short bus" with SL of 6050/60. (it may touch and come down or without touching it will come down) first one is UBB level second one is FIBO week R3. Just for your information.
Happy trading day to all.
Bye
break of 6008 in the next hour will confirm some temporary weakness (hourly overbought, channel break), for small gains in intra trade
@ musti,
Please continue with your strategies.
@ Satheesh,
Tata steel has larger T/F TA UP and hence likely to move past previous high.
If any correction sets in 640(approx) must hold.
Prashanth,
From 5690 low, this current upmove could be bullishly labelled as 3rd wave. In a bearish labelling, it is the "c" wave of the 2nd. Both kinds are supposed to have bullish characteristics.. Ride on as long as 5950 holds for the day and the hold level rises as the days progresses.
musti...how u difine vol profile ?
NEW POST DONE.
gm to all and sir:)
Nimish bhai Jsk:)
One query to option experts!!
Normally when there is one week left for expiry, the call and put premiums will almost be the same. But this time 6000PE is at 42 & 6000CE is trading at 75!. Why is there such a differnce for the same strike? isthere any significance?
Thx alot sir,
I will try to post every good posible trade.
As per Volume profile
Today 5 Min chart gives highest Volume near to 6018-6019 NS.
Long Here with sl 6012 ( 6 points risk).
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