Showing posts with label ATR Trading. Show all posts
Showing posts with label ATR Trading. Show all posts

Thursday, September 13, 2012

Nifty Pre-Market View.

80% @ 5458 is the next major hurdle.
0.618 of 5216 to 5375 done @ 5430.
Equality target @ 5491, provided 21/34 hr smas are held during corrections.
Trading closer to the channel top whole day would make Nifty "tired" for the day for a "pause/ correction".
Weakness would be evident below 5420 or 2 Hr Lows..

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....