The crucial resistances are in the region of "6326-58". How Nifty will manage that zone would be keenly watched for..
Critical support has now risen now to "6239-48". Continue to close above DHEma would keep the upward momentum intact.
Two scenarios at work as labelled in the Hour chart for ST. 80% need not negate the bearishness, only 6415.
EW: Holding the critical support @ 6239-48, prices would move "higher" into the crucial resistances @ 6326-58 to complete the 5th of the wave that started from "6151" which would also complete the "abc". It is only when the prices make another high beyond "that high", resumption of bullishness would get confirmed.
Critical support has now risen now to "6239-48". Continue to close above DHEma would keep the upward momentum intact.
Two scenarios at work as labelled in the Hour chart for ST. 80% need not negate the bearishness, only 6415.
EW: Holding the critical support @ 6239-48, prices would move "higher" into the crucial resistances @ 6326-58 to complete the 5th of the wave that started from "6151" which would also complete the "abc". It is only when the prices make another high beyond "that high", resumption of bullishness would get confirmed.
14 comments:
Good Mng Sir and Friends.
Good Morning sir & friends
Namaste Ilango Sir and blog friends
LV
Goodmorning master and all friends,
Shall we expect a Dull day with FII volumes abysmally Low or a volatile day with Local traders making the most of FIIs Holiday mood.Reaction may come below 6260 for 6200 levels...
Good Morning Sir and dear Bros. and Sists.
Good Morning Sir & All Friends.
good morning, Sir and friends..
SIR
GoodMorning
Ravi
Gudmorning master and all frnds
Good Morning Master & Friends...
Good Morning Sir,
Pre-market says to be cautious with longs as long as the resistance zone or 6415 is not crossed firmly?
Trade the range till then..?
Thanks Master for this on Waves..where 5 waves are not to be seen on their own but part of a large a-b-c as well.
good morning illango sir & blog mets
Good Morning Sir and Blog Mates
veerasamy
New Post Done.
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