Month unable to retain its upward momentum with a close below MHEma, generating a "sell on rises" which would mean "unless prices move above MHEma by 80-100 points, weakness would return".
Besides there are conflicting signals from week & Day T/f.
Considering the non-trending nature of price behaviour, one would be extra cautious while following the market which has failed to break-out on last two or three major occasions.
A flat correction got completed for the rise from 6068 to 6183 @ 6160 and prices started the next rise from there on. Follow the prices from 6160 on...
If unable to move past the earlier resistance zone of 6212 & 6269(80%), weakness would return.
Besides there are conflicting signals from week & Day T/f.
Considering the non-trending nature of price behaviour, one would be extra cautious while following the market which has failed to break-out on last two or three major occasions.
A flat correction got completed for the rise from 6068 to 6183 @ 6160 and prices started the next rise from there on. Follow the prices from 6160 on...
If unable to move past the earlier resistance zone of 6212 & 6269(80%), weakness would return.
28 comments:
Good Morning Ilango Sir and Blogmates.
Sir today's Pivot and support/resistances table is different from the post market's table posted on Friday.
Sorry Sir I saw the Hrly Table.
Regards.
Good Morning Ilango Sir and Blogmates
Good Mng Sir and Friends.
Good Morning Sir & All Friends.
GM Master,
Nifty & BN TA file plz
Namaste Ilango Sir and blog friends
LV
Good Morning sir & friends
The pivot table is that of Friday.
https://skydrive.live.com/redir?resid=BE7C624779B57552!120&authkey=!AP2_Fsj0RMRHitk&ithint=file%2c.pdf
Namaste Sir,
CLICK HERE Nifty Week Chart
CLICK HERE Nifty Hour CHART
Namaste Guruji.
Good Morning Master & Friends. :)
GM Everybody,
Initial HVT @ 6198.10 with good volume.
Good Morning Sir,
Is the Pivot and Sup and Resi correct in premarket veiw ?
Plz check.
gudmorning master and all frnds
Todays Pivot is 6154
Goodmorning master and all friends...
Good Morning Master and seniors
Good Morning Sir and dear Friends.
good morning, Sir and friends..
Good Morning Sir and Blog Mates
veerasamy
GM Master & JN Family,
Have a gr8 Day!
6185 6179 ... is 50%-61.8% retrace of the last rise from …… 6160 to 6209
80% is - 6170
If strength to return again, it should be around 6185 6179
Weakness gets confirmed Below 6179 OR 6170
=========================================
6141 6120 ... is 38%-50% retrace of the last rise from …… 6030 to 6209
80% is - 6066
If strength to return again, it should be around 6141 6120
Weakness gets confirmed Below 6120 OR 6066
Good Morning MAster and friends
Pivot table corrected.
New Post Done.
Master ilango and friends,
Good morning to all
Regards
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