Tuesday, January 11, 2011
Nifty attempted to find a short term bottom...for how long..??
JustNifty TA(12)The hour T/F is quite oversold and has attempted an intraday bounce.The day T/F is at oversold and a reversal is possible if it manages to close above 5843(Today's high as well as DLEma). The week T/F is in downtrend and the prices are quite far away from crucial emas.
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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
7 comments:
Dear Ilango Sir,
The adjusted close is 5754.1, so I feel the closing value should change and so will the other values.
Though ur not in your pink of health u posted the most today. Hope ur feeling better.
Thanks & Regards
Sanjay Kr Jaiswal
i pray for a speedy recovery brother ilango ji.....
Sir, the adjusted close is 5754 and the respective 5ema's are,
month 5ema = 5838
Week 5 ema = 5906
Day 5 ema = 5875 & 10ema = 5945
Hour 5 ema = 5768
Sir - Here is my my view
Couple of scenarios
[IMG]http://img40.imageshack.us/img40/1299/21522071.png[IMG]
[IMG]http://img690.imageshack.us/img690/5950/91066119.png[IMG]
[IMG]http://img534.imageshack.us/img534/9211/13776784.png[IMG]
Sir - Here is my my view
Couple of scenarios
http://img40.imageshack.us/img40/1299/21522071.png
http://img690.imageshack.us/img690/5950/91066119.png
http://img534.imageshack.us/img534/9211/13776784.png
Sir one more clarification:
In day levels the high is given as 5843 but the max high in Hour timeframe is only 5838. Which is to be taken?
GM Sir and all blogmates
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