OR Holding above 5195-5205, Nifty could start another consolidation move in the range of 5200-5375 as it did last time between 5402 to 5556 in the next few days after which fall again.
If falls below 5191(S1) at the open, it should stop above 5157(S2) failing which steeper falls either to day or in the coming days.
In short, the bottom is already in or very close by @ 5160 and a good trading range is likely for astute traders while bulls and bears would slug it out in the coming days.
17 comments:
Good Mourning Ilango Sir.
Nifty spot if manages to trade and sustain above 5240 then we can see some recovery in the market and if Nifty spot breaks and trade below 5200 then some profit booking can follow in the market.
Important US data to be released today:
1. International Trade
2. Consumer Sentiment
Good Morning Ilango Sir and Friends
Nifty Analysis: CLICK HERE
Good morning Ilango Sir and all,
Sir I have sent a mail. Kindly check
GM to Ilango Sir and to all
Good Morning, as on yesterdays close, infosys & sbi have shown a breakdown, there can a 5% downside in these two index heavyweights over the next 2 days
good morning,seniors..
Thanks sir for your clarification. Can you give your view about the H&S pattern?
Good Morning Sir and Friends.
Good Morning Sir and Friends.
Good Morning ilango sir and friends,
Today's Quote received regarding trading :
There are four different possiblilities in the market.
You made money on correct trade - Excellent
You lost money in a correct trade - bad luck
You lost money in a wrong trade - you deserved it
You made money in a wrong trade - Very very dangerous.
Don't judge the success of anyone in the trade by the amount of money he has made. Judge the sucess by his trading strategy. Money can get made and vanish in the blink of an eye. A good strategy stays with you for a long period of time and success becomes enduring.
Good Morning llango Sir !
Dear Ilango Sir,
Can you please post your view on Tata Steel?
Regards
Good morning sir ,
Today nifty buy mode sir / sell mode sir
@SAN
200 DMA /200 EMA what is the difference ?
@SAN
why using this , why we didnt use say 160 DMA or 160 EMA
i mean asking importance of 200 EMA /200 DMA
what are important DMAs & EMAs and their importance ?
can you explain
NEW POST DONE.
GM Elango Sir,
Stoch above 90% and NF got resisted thrice @ 5240..any down move possble now..pls clarify sir
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