Friday, May 3, 2013
Nifty Pre-Market View.
Buy on Rumours & Sell on News - is a general guideline.
Unless that news alters the fundamentals strongly.
Hence, we have a zone of decisive move above @ 6025-42.(6042 being the first resistance during the rise to 6112 and 6025 being a 33 point rise from 5992 equalling the 5868 to 5901 rise, the (i)st wave).
First hour weakness below 5976, trendline & day's pivot. Trail it up as hour progresses.
If able to hold 21 Hr sma during fall/ corrections, trend in ST remains UP.
Unless that news alters the fundamentals strongly.
Hence, we have a zone of decisive move above @ 6025-42.(6042 being the first resistance during the rise to 6112 and 6025 being a 33 point rise from 5992 equalling the 5868 to 5901 rise, the (i)st wave).
First hour weakness below 5976, trendline & day's pivot. Trail it up as hour progresses.
If able to hold 21 Hr sma during fall/ corrections, trend in ST remains UP.
Thursday, May 2, 2013
Nifty Pre-Market View.
Below "5945", correction continues.(80% of last fall of 5962-5868 @ 5943)
5861-69 may once again the supports, if falls below "5920"(Pivot) & 5882(5DEma/34HrSma)
5833-45, earlier consolidation tops is the last support.
(I'll not be available in morning session)
5861-69 may once again the supports, if falls below "5920"(Pivot) & 5882(5DEma/34HrSma)
5833-45, earlier consolidation tops is the last support.
(I'll not be available in morning session)
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