This intra rally has not altered the technical set up. Only a follow up rally would do that.
Tuesday, December 13, 2011
Nifty bounces off an intra double bottom after Hour +ve div.
Once again a global cues-play unfolded as envisaged in the morning with both A & B scenarios having a bounce potential. Oversold Hour TA took advantage of a negative global cue to bounce off the lows. After the initial bounce, the original trend asserted itself by bringing Nifty down again but could not break the lows. OI showed PUTS writing since morning which supported Nifty at the double bottom. EOD OI would give a clearer view.
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...
2 comments:
Sir, thanks for answer!
Namaste Ilango Sir & Blogmates,
The Bulls fought back from the brink to live another day; Option Analysis for 13-12-2011
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
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